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Exercise of Warrants

--(BUSINESS WIRE)--LONDON

 

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

EXERCISE OF WARRANTS

(LON: ECR), the gold exploration and development company focussed on , announces it has received notice to exercise warrants over 18,112,139 new ordinary shares in the Company (“Warrant Shares”). Of this number, 10,612,139 new ordinary shares are being issued pursuant to the exercise of warrants at 1.125p per share, and 7,500,000 new ordinary shares pursuant to the exercise of warrants at 1p per share. Aggregate subscription monies of £194,386.56 have been received by ECR in respect of the exercise of these warrants.ECR Minerals plcAustralia

Admission of the Warrant Shares to trading on AIM is expected to occur on or around (“Admission”). Upon Admission, ECR’s issued ordinary share capital will comprise 640,953,913 ordinary shares of 0.001p. This number will represent the total voting rights in the Company, and, following admission of the Warrant Shares, may be used by shareholders as the denominator for the calculation by which they can determine if they are required to notify their interest in, or a change to their interest in, the Company under the Disclosure and Transparency Rules. The Warrant Shares will rank pari passu in all respects with the ordinary shares of the Company currently traded on AIM.7 August 2020Financial Conduct Authority's

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 (MAR). Upon the publication of this announcement via (RIS), this inside information is now considered to be in the public domain.MARKET ABUSE REGULATIONS (EU) No. 596/2014
Regulatory Information Service

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:

info@ecrminerals.com

 

 

 

Website:www.ecrminerals.com

 

 

 

 

 

 

 

WH Ireland Ltd

 

Tel: +44 (0)161 832 2174

 

Nominated Adviser

 

 

 

/Katy MitchellJames Sinclair-Ford

 

 

 

 

 

 

 

SI Capital Ltd

 

Tel: +44 (0)1483 413500

 

Broker

 

 

 

Nick Emerson

 

 

 

Quick facts: ECR Minerals PLC

Price: 1.8

Market: AIM
Market Cap: £11.54 m
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