REG-ECR Minerals plc Exercise of Warrants & Options

ECR MineralsAnnouncement

23/12/2020 14:45

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Exercise of Warrants & Options

 

23 December 2020

ECR MINERALS plc

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

EXERCISE OF WARRANTS & 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 to exercise warrants over 16,597,647 new ordinary
shares in the Company (“Warrant Shares”). Of this number, 10,071,429 new
ordinary shares are being issued pursuant to the exercise of warrants at
1.125p per share, and 6,526,218 new ordinary shares pursuant to the exercise
of warrants at 2.1p per share. Aggregate subscription monies of £250,354.16
have been received by ECR in respect of the exercise of these warrants

Exercise of options (“Option Shares”)

In addition, notices to exercise options over 1,000,000 shares (“Option
Shares”) at 1.125 pence has been received. Funds of £11,250 have been
received by the Company in relation to these Option Shares.

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 30 December 2020. Upon Admission, ECR’s issued ordinary share
capital will comprise 667,747,951 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=52353241&newsitemid=20201223005305&lan=en-US&anchor=www.ecrminerals.com&index=1&md5=02d27c9fbf446e671ea486bd5b869ded)                                                                 
                                                                                                                                                                                                                                                                                       
 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.



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ECR Minerals plc


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