REG-ECR Minerals plc Exercise of Options

ECR MineralsAnnouncement

05/02/2021 16:55

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Exercise of Options

 

ECR MINERALS plc

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

EXERCISE OF OPTIONS

ECR Minerals plc (LON: ECR), the gold exploration and development company
focused on Australia, is pleased to announce the Company has received notice
to exercise options over 3,000,000 shares (“Option Shares”) at 1.125
pence. Funds of £33,750 have been received by the Company in relation to
these Option Shares.

Application has been made for the Option Shares to be admitted to trading on
AIM (“Admission”). Admission is expected to occur on or around 18 February
2021. Upon Admission, ECR’s issued ordinary share capital will comprise
877,164,658 ordinary shares of 0.001p. 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 and Transparency Rules. The Option Shares will rank pari passu in
all respects with the ordinary shares of the Company currently traded on AIM.

MARKET ABUSE REGULATIONS (EU) No. 596/2014

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
Regulatory Information Service (RIS), this inside information is now
considered to be in the public domain.

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=52374767&newsitemid=20210205005405&lan=en-US&anchor=www.ecrminerals.com&index=1&md5=df84a77b2ef94ac8b08c3a22646b2318)                                                                 
                                                                                                                                                                                                                                                                                       
 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                                                                                                                                                                                                                                            Tel: +44 (0)20 7399 9425      
 
                                                                                                                                                                                                                                                                                     
                                                                                                                                                                                                                                                                                       
 
                                                                                                                                                                                                                                                                                     
 Novum Securities Limited                                                                                                                                                                                                                                                              
 
                                                                                                                                                                                                                                                                                     
 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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