REG-ECR Minerals plc Block Listing Application

ECR MineralsAnnouncement

11/02/2021 17:20

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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
117,000,119 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 and options which may be exercised. It is expected that
admission will become effective on 17 February 2021.

The block listings consist of:


 1. 32,745,000 ordinary shares in respect of the 11 July 2018 warrants exercisable
at 1.125 pence per share, the “30 July 2018 Subscription Warrants Scheme”;

 2. 32,500,000 ordinary shares in respect of the 6 April 2020 warrants exercisable
at 1 penny per share, the “20 April 2020 Subscription Warrants Scheme”.

 3. 37,755,119 ordinary shares in respect of the 16 July 2020 warrants exercisable
at 2.1 pence per share, the “30 July 2020 Subscription Warrants Scheme”.

 4. 14,000,000 ordinary shares in respect of the 11 July 2018 options exercisable
at 1.125 pence per share, the “11 July 2018 Options Scheme”.

For the avoidance of doubt these applications are not applications to list the
warrants and options 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 and options are exercised by
holders. The warrants and options remain in uncertificated form and there are
no changes to the terms and conditions of the warrants and options.

Following the Block Admission, the Company's issued share capital will remain
unchanged at 877,164,658 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:
 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=52378051&newsitemid=20210211005741&lan=en-US&anchor=www.ecrminerals.com&index=1&md5=f725c0525b8af9195c0dd173d8c75cde)                                                                 
                                                                                                                                                                                                                                                                                       
 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                                                                                                                                                                                                                                                                                
                                                                                                                                                                                                                                                                                       
 Novum Securities Ltd                                                                                                                                                                                                                                    Tel: +44 (0)20 7399 9400      
 Broker                                                                                                                                                                                                                                                                                
 Jon Belliss                                                                                                                                                                                                                                                                           


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. ECR
is currently drilling high priority targets on the Bailieston gold project
using the Company’s own diamond drill rig. ECR has an experienced
exploration team with significant local knowledge in the Victoria Goldfields.

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.



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ECR Minerals plc


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