REG-ECR Minerals plc Block Listing Application

ECR MineralsAnnouncement

30/11/2020 17:25

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20201130:nBw1XSjT2a&default-theme=true


Block Listing Application

 

ECR MINERALS plc

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

BLOCK LISTING APPLICATION

ECR Minerals plc (LON: ECR), the gold exploration and development company
focussed on Australia, announces that an application has been made to the
London Stock Exchange for a block listing of securities in respect of
32,142,862 ordinary shares of £0.00001 each (the 'New Ordinary Shares') to be
admitted to trading on AIM.

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 4 December 2020.

The block listings consist of 32,142,862 ordinary shares in respect of the 17
December 2018 warrants which are exercisable at any time until 21 December
2020 at a price of 1.125p per share the “December 2018 Subscription Warrants
Scheme”

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.

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:
 ECR Minerals plc                                                                                                                                                                                                                                        Tel: +44 (0)20 7929 1010      
 David Tang, Non-Executive Chairman                                                                                                                                                                                                                                                    
 Craig Brown, Director & CEO                                                                                                                                                                                                                                                           
 Email:                                                                                                                                                                                                                                                                                
 
                                                                                                                                                                                                                                                                                     
 info@ecrminerals.com (mailto:info@ecrminerals.com)                                                                                                                                                                                                                                    
 Website: www.ecrminerals.com                                                                                                                                                                                                                                                          
 (https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.ecrminerals.com%2F&esheet=52339734&newsitemid=20201130005773&lan=en-US&anchor=www.ecrminerals.com&index=1&md5=9aff6efd5a71b8ba3a76eedeaeea8e53)                                                                 
                                                                                                                                                                                                                                                                                       
 WH Ireland Ltd                                                                                                                                                                                                                                          Tel: +44 (0)161 832 2174      
 Nominated Adviser                                                                                                                                                                                                                                                                     
 Katy Mitchell/James Sinclair-Ford                                                                                                                                                                                                                                                     
                                                                                                                                                                                                                                                                                       
 SI Capital Ltd                                                                                                                                                                                                                                          Tel: +44 (0)1483 413500       
 Broker                                                                                                                                                                                                                                                                                
 Nick Emerson                                                                                                                                                                                                                                                                          


ABOUT ECR MINERALS PLC

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

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

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 the Philippines, and holds a royalty on the SLM gold project in
La Rioja Province, Argentina.



View source version on businesswire.com:
https://www.businesswire.com/news/home/20201130005773/en/
(https://www.businesswire.com/news/home/20201130005773/en/)

ECR Minerals plc


Copyright Business Wire 2020