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Last checked at 
22 Apr 2022 11:08
ECR MINERALS Plc
(the “Company”)
Company number 05079979
Resolutions of the Board of Directors of the Company (the “Board”)
22nd April 2022
WHEREAS the Board received notice to exercise warrants over 20,500,000 new ordinary shares in the Company at an exercise price of 1p per share (“Warrant Shares”). Subscription monies of £205,000.00 have been received by ECR in respect of the exercise of these warrants and a copy of the warrant certificate was received by ECR from the Warrant Holder for the exercise of these warrants.
IT WAS RESOLVED:
that the issue and allotment of a total of 20,500,000 ordinary shares of ECR Minerals Plc of £0.00001 be authorised in connection with the above, application be made for the admission of the shares to trading on AIM, the Company’s registrars be authorised to take all steps necessary to effect the issue and allotment of the shares, and the appropriate regulatory announcement be made;that copies of this resolution (or extracts thereof, as appropriate) be supplied to the Company’s AIM nominated adviser and the Company’s registrars as necessary, and that the Company Secretary be instructed to make all necessary filings with Companies House in connection with the issue and allotment of the shares.SIGNED
David TangChairman
FOR FURTHER INFORMATION, PLEASE CONTACT:
ECR Minerals plc |
| Tel: +44 (0) 20 7929 1010 |
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David Tang, Non-Executive Chairman Andrew Haythorpe, CEO |
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Email: info@ecrminerals.com |
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Website: www.ecrminerals.com |
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WH Ireland Ltd |
| Tel: +44 (0) 207 220 1666 |
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Nominated Adviser Katy Mitchell / Andrew de Andrade |
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SI Capital Ltd |
| Tel: +44 (0) 1483 413500 |
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Broker |
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Nick Emerson |
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Novum Securities Limited |
| Tel: +44 (0) 20 7399 9425 |
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Broker Jon Belliss |
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Blytheweigh |
| Tel: +44 (0) 207 138 3204 |
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Public Relations |
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Tim Blythe
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ABOUT ECR MINERALS PLC
ECR Minerals is a mineral exploration and development company. ECR’s wholly owned Australian subsidiary Mercator Gold Australia Pty Ltd (“MGA”) has 100% ownership of the Bailieston and Creswick gold projects in central Victoria, Australia, has eight licence applications outstanding including two licence applications lodged in eastern Victoria. (Tambo gold project). MGA is currently drilling at both the Bailieston (EL5433) and Creswick (EL6148) projects and has an experienced exploration team with significant local knowledge in the Victoria Goldfields and wider region.
https://mercatorgold.com.au/
ECR also owns 100% of an Australian subsidiary LUX Exploration Pty Ltd (“LUX”) which has three licence applications covering 900 km2 covering a relatively unexplored area in Queensland, Australia.
https://luxexploration.com/
Following the sale of the Avoca, Moormbool and Timor gold projects in Victoria, Australia to Fosterville South Exploration Ltd (TSX-V: FSX) and the subsequent spin-out of the Avoca and Timor projects to Leviathan Gold Ltd (TSX-V: LVX), Mercator Gold Australia Pty Limited has the right to receive up to A$2 million in payments subject to future resource estimation or production from projects sold to Fosterville South Exploration Limited.
ECR holds a 25% interest in the Danglay gold project; an advanced exploration project located in a prolific gold and copper mining district in the north of the Philippines, which has a 43-101 compliant resource. ECR also holds a royalty on the SLM gold project in La Rioja Province, Argentina and can potentially receive up to US$2.7 million in aggregate across all licences.
View source version on businesswire.com: https://www.businesswire.com/news/home/20220422005251/en/
Copyright Business Wire 2022
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