REG-ECR Minerals plc Exercise of Warrants by Director

ECR MineralsAnnouncement

16/12/2020 18:10

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Exercise of Warrants by Director

 

16 December 2020

ECR MINERALS plc

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

EXERCISE OF WARRANTS BY DIRECTOR

EXERCISE OF SHARE OPTIONS

ISSUE OF SHARE OPTIONS

ECR Minerals plc (LON: ECR), the gold exploration and development company
focussed on Australia, is pleased to announce the following.

Exercise of warrants (“Warrant Shares”)

ECR has received notice from Craig Brown, director & CEO of the Company,
to exercise warrants over 1,428,571 new ordinary shares at 1.125 pence in the
Company. Following such exercise Craig Brown will hold 4,406,413 ordinary
shares representing approximately 0.68% of the Company’s enlarged issued
share capital.

Notice from another party to exercise warrants over a further 2,767,820 new
ordinary shares at an exercise price of 1 penny in the Company has also been
received.

Funds totalling £43,749.62 have been received by the Company in relation to
these Warrant Shares.

Exercise of options (“Option Shares”)

In addition, notices to exercise options over 5,000,000 shares (“Option
Shares”) at 1.125 pence has been received. Funds of £56,250 have been
received by the Company in relation to these Option Shares.

Issue of options

Further to its announcements dated 11 July 2018 and 23 October 2020, the
Company has allocated an aggregate of 13,200,000 share options (“Options”)
from the management and consultant option pool to certain key management and
staff, including 10,000,000 options which have been issued to Craig Brown,
director & CEO of the Company as part of his normal remuneration and in
recognition of his contribution to the Company. This completes the allocation
of options from the management and consultant option pool announced in July
2018. The Options have been issued with an exercise price of 1.125 pence per
share.

Admission of shares

Application has been made for the Option Shares and the Warrant Shares to be
admitted to trading on AIM (“Admission”). Admission is expected to occur
on or around 22 December 2020. Upon Admission, ECR’s issued ordinary share
capital will comprise 650,150,304 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 and the Warrant 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=52349923&newsitemid=20201216005875&lan=en-US&anchor=www.ecrminerals.com&index=1&md5=2748a4826415ca19ce5b88c9294dbca9)                                                                 
                                                                                                                                                                                                                                                                                       
 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.

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING
MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM
 1   Details of the person discharging managerial responsibilities/person closely                          
     associated                                                                                            
 a)  Name                                                         Craig Brown                              
 2   Reason for the notification                                                                           
 a)  Position/status                                              Chief Executive Officer                  
 b)  Initial notification/ Amendment                              Initial                                  
 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                          
                                                                  
                                        
                                                                                                           
                                                                  
                                        
                                                                  GB00BYYDKX57                             
 b)  Nature of the transaction                                    1. Exercise of Warrants                  
                                                                  
2. Issue of Options                     
 c)  Price(s) and volume(s)                                       Price(s) Volume(s)                       
                                                                  
                                        
                                                                  (a) GBP£0.01125 (a) 1,428,571            
                                                                  
                                        
                                                                                                           
                                                                  
                                        
                                                                  (a) GBP£0.01125 (b) 10,000,000           
 d)  Aggregated information                                                                                
     
                                                            
                                        
     - Aggregated volume                                          
1. 1,428,571 shares                     
     
                                                            
                                        
     - Price                                                      
1. GBP£0.01125                          
                                                                  
2. 10,000,000 shares (options)          
                                                                  
                                        
                                                                  
1. GBP£0.01125                          
 e)  Date of the transaction                                      16/12/2020                               
 f)  Place of the transaction                                     London, off market                       


 



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