Issue of Equity and Total Voting Rights

ECR Minerals

17/10/2025 09:00

RNS Number : 8359D

ECR Minerals PLC

17 October 2025

 

 

 

17 October 2025

 

ECR MINERALS PLC

 

("ECR Minerals", "ECR" or the "Company")

 

Issue of Equity, Total Voting Rights

and

PDMR dealings

 

ECR Minerals plc (LON: ECR), the exploration and development company focused on gold in Australia, is pleased to announce the issue of new ordinary shares of 0.001 pence each in ECR (the "Ordinary Shares") in respect of the board of directors of ECR's (the "Board" or the Directors") ongoing remuneration policy, whereby each Director and certain consultants to the Company are remunerated partially through the issue of new Ordinary Shares.

 

Nick Tulloch, Chairman, will receive 11,250,000 new Ordinary Shares, as payment in lieu of £22,500 of his accrued remuneration for the period from 1 July 2025 to 30 September 2025.   Andrew Scott and Mike Parker, Non-Executive Directors, will each receive 3,000,000 new Ordinary Shares, as payment in lieu of £6,000 of their accrued remuneration for the same period.  

 

Certain consultants (including proposed director Chris Gibbs) and professional advisers will receive 11,730,435 new Ordinary Shares in total, as payment in lieu of an aggregate of £23,460.87 of their accrued remuneration and fees for the period from 1 July 2025 to 30 September 2025.   

 

All of the new Ordinary Shares are to be issued at a price of 0.20 pence per new Ordinary Share being a price equal to the issue price of the Company's subscription announced on 1 October 2025.

 

PDMR dealings

 

Pursuant to the arrangements set out above, a total of 28,980,435 new Ordinary Shares will be issued by the Company. Following this issuance, the total numbers of Ordinary Shares that will be held following Admission (as defined below) by the Directors, as Persons Discharging Managerial Responsibility ("PDMRs") of the Company as at the date of this announcement, are as follows:

 

Name
New Ordinary Shares to be issued
Total Ordinary Shares held in the Company following Admission
As a percentage of the Company's enlarged issued ordinary share capital following Admission
Nick Tulloch
11,250,000
78,522,907
2.94%
Andrew Scott
3,000,000
27,734,286
1.04%
Mike Parker
3,000,000
10,042,581
0.38%
Total
17,250,000


 

The FCA notification in respect of these PDMR dealings, made in accordance with the requirements of the UK Market Abuse Regulation, is appended further below.

 

Admission and Total Voting Rights

 

Application has been made for 28,980,435 new Ordinary Shares to be admitted to trading on AIM ("Admission") and it is expected that Admission will become effective on or around 22 October 2025. The 28,980,435 new Ordinary Shares will rank pari passu with the existing Ordinary Shares. Upon Admission, ECR's issued ordinary share capital will comprise 2,673,493,389 Ordinary Shares. This number will represent the total voting rights in the Company, and, following Admission 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 Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

 

FOR FURTHER INFORMATION, PLEASE CONTACT:

 

ECR Minerals Plc
Tel: +44 (0) 20 8080 8176
Nick Tulloch, Chairman
Andrew Scott, Director
info@ecrminerals.com
Website:www.ecrminerals.com
Allenby Capital Limited
Tel: +44 (0)3328 5656
Nominated Adviser and Joint Broker
info@allenbycapital.com
Alex Brearley / Nick Naylor / Vivek Bhardwaj (Corporate Finance)
Kelly Gardiner (Sales and Corporate Broking)
Axis Capital Markets Limited
Tel: +44 (0)203 026 0320
Joint Broker
Lewis Jones
SI Capital Ltd
Tel: +44 (0) 1483 413500
Joint Broker
Nick Emerson
Brand Communications
Tel: +44 (0) 7976 431608
Public & Investor Relations
Alan Green


                                                               

ABOUT ECR MINERALS PLC

 

ECR Minerals is a mineral exploration and development company operating through two wholly owned Australian subsidiaries ECR Minerals (Australia) Pty Ltd ("ECR Australia") and ECR Minerals (Queensland) Pty Ltd ("ECR Queensland").

 

ECR Australia owns the Bailieston and Creswick gold projects in central Victoria, Australia as well as the Tambo gold project in eastern Victoria.

 

ECR Queensland has two approved exploration permits over the Blue Mountain alluvial gold project in central Queensland, Australia, which it is currently working to bring into production.  It also has three approved exploration permits covering 946 km2 over a relatively unexplored area in Lolworth Range in northern Queensland. Furthermore, ECR Queensland has also submitted a licence application at Kondaparinga which is approximately 120km2 in area and located within the Hodgkinson Gold Province, 80km NW of Mareeba, North Queensland.

 

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), ECR Australia has the right to receive up to A$2 million in payments subject to future resource estimation or production from these projects. 

 

ECR Australia also has approximately A$75 million of unutilised tax losses incurred during previous operations.

 

The following notification, made in accordance with the requirements of the UK Market Abuse Regulation, gives further details.

 

1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Name
Position
Nick Tulloch
Chairman
Andrew Scott
Non-Executive Director
Mike Parker
Non-Executive Director
2
Reason for the notification
a)
Position/status
See above
b)
Initial notification /Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
ECR Minerals plc
b)
LEI
213800PBXY96KXHISJ17
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
Identification code
Ordinary shares of 0.001p each in ECR Minerals plc
Identification code (ISIN) for ECR Minerals plc ordinary shares:GB00BYYDKX57
b)
Nature of the transaction
Issue of new Ordinary Shares in lieu of salary
c)
Price(s) and volume(s)
Name
Price(s)
Volume(s)
Nick Tulloch
0.20 pence
11,250,000
Andrew Scott
0.20 pence
3,000,000
Mike Parker
0.20 pence
3,000,000
d)
Aggregated information:
- Aggregated volume
- Price
N/A
e)
Date of the transaction
17October 2025
f)
Place of the transaction
Outside a trading venue

 

 

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