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Warrant Instrument Clarification

--(BUSINESS WIRE)--LONDON

 

(“ECR Minerals”, “ECR” or the “Company”)ECR MINERALS plc

9 July 2020

Warrant Instrument Clarification

(LON: ECR), the gold exploration and development company focused on , provides a clarification as to the expiry date of certain warrants issued in .ECR Minerals plcAustraliaJuly 2018

On the Company announced a financing which included the issue of 92,857,143 new ordinary shares (the “Financing Shares”). Each Financing Share had a warrant attached to subscribe for a further new ordinary share in at a price of 1.125p (the “Financing Warrants”).11 July 2018ECR Minerals plc

The announcement of stated that the exercise period of the Financing Warrants was two years from the admission date of the Financing Shares and that therefore the expiry date for the Financing Warrants was . However this date was provided in error and the exercise period set out in the relevant warrant documentation is three years from and therefore the expiry date for the Financing Warrants is .11 July 201825 July 202030 July 201830 July 2021

Accordingly, holders of the Financing Warrants have until to exercise these warrants. ECR will write to all holders of the Financing Warrant to clarify the actual expiration date of .30 July 202130 July 2021

No other warrants issued by are affected by this notice.ECR Minerals

FOR FURTHER INFORMATION, PLEASE CONTACT:

ABOUTECR MINERALS PLC

ECR is a mineral exploration and development company. ECR’s wholly owned Australian subsidiary has 100% ownership of the Bailieston and Creswick gold projects in central .Mercator Gold Australia Pty LtdVictoria, Australia

Following the sale of the Avoca, Moormbool and Timor gold projects in to (TSX-V: FSX), ECR has the right to receive up to in payments subject to future resource estimation or production at those projects.Victoria, AustraliaFosterville South Exploration LtdA$2 million

ECR has earned 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 , and holds a royalty on the SLM gold project in , .the PhilippinesLa Rioja ProvinceArgentina

ECR Minerals plc

Source:ECR Minerals plc

 

ECR Minerals plc

 

Tel: +44 (0)20 7929 1010

, Non-Executive ChairmanDavid Tang

 

, Director & CEOCraig Brown

 

 

 

Email:[email protected]

 

Website:www.ecrminerals.com

 

 

 

WH Ireland Ltd

Tel: +44 (0)161 832 2174

Nominated Adviser

 

/Katy MitchellJames Sinclair-Ford

 

 

 

SI Capital

Tel: +44 (0)1483 413500

Broker

 

Nick Emerson

 

 

 

Quick facts: ECR Minerals PLC

Price: 2

Market: AIM
Market Cap: £12.46 m
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