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Block Listing Application

--(BUSINESS WIRE)--LONDON

 

ECR MINERALS plc

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

BLOCK LISTING APPLICATION

(LON: ECR), the gold exploration and development company focussed on , announces that an application has been made to the for a block listing of securities in respect of 128,000,000 ordinary shares of £0.00001 each (the 'New Ordinary Shares') to be admitted to trading on AIM.ECR Minerals plcLondon Stock ExchangeAustralia

The New Ordinary Shares will be issued from time to time in order to satisfy certain warrants which may be exercised. It is expected that admission will become effective on .10 August 2020

The block listings consist of:

For the avoidance of doubt these applications are not applications to list the warrants themselves on any regulated market but merely an administrative measure to ensure that the Company does not need to make multiple applications for admission of ordinary shares to trading on each separate occasion when the existing warrants are exercised by holders. The warrants remain in uncertificated form and there are no changes to the terms and conditions of the warrants.

Following the Block Admission, the Company's issued share capital will remain unchanged at 640,953,913 ordinary shares. The Company will make six-monthly announcements of the utilisation of the Block Admission, in line with its obligations under AIM Rule 29.

When issued, the New Ordinary Shares will be credited as fully paid and will rank pari passu in all respects with the existing ordinary shares of £0.00001 each in the capital of the Company ('Ordinary Shares').

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

  1. 28,000,000 ordinary shares in respect of the warrants exercisable at per share, the “30 July 2018 Subscription Warrants Scheme”;18 July 20181.125 pence
  2. 50,000,000 ordinary shares in respect of the warrants exercisable at per share, the “21 December 2018 Subscription Warrants Scheme”; and17 December 20181.125 pence
  3. 50,000,000 ordinary shares in respect of the warrants exercisable at per share, the “20 April 2020 Subscription Warrants Scheme”.6 April 20201 pence

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: 1.775

Market: AIM
Market Cap: £11.38 m
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