REG-ECR Minerals plc Further re Exercise of Warrants Announced on Friday 22nd April 2022

ECR MineralsAnnouncement

25/04/2022 07:15

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Further re Exercise of Warrants Announced on Friday 22nd April 2022

 

ECR MINERALS Plc

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

Further to the announcement of 22 April 2022 regarding a Warrant Exercise the
Company provides the following by way of further information.

EXERCISE OF WARRANTS

ECR Minerals plc (LON: ECR), the gold exploration and development company
focussed on Australia, announces it has received notice to exercise warrants
over 20,500,000 new ordinary shares in the Company (“Warrant Shares”).
20,500,000 new ordinary shares are being issued pursuant to the exercise of
warrants at 1p per share and aggregate subscription monies of £205,000 have
been received by ECR in respect of the exercise of these warrants.

Admission of the Warrant Shares to trading on AIM is expected to occur on or
around 27 April 2022 (“Admission”). Upon Admission, ECR’s issued
ordinary share capital will comprise 1,064,464,551 ordinary shares of 0.001p.
This number will represent the total voting rights in the Company, and,
following admission of the Warrant Shares, 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 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                                                                                                                                                                                                                                                            
 
                                                                                                                                                                                                                                                                                             
 Andrew Haythorpe, 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=52695753&newsitemid=20220424005051&lan=en-US&anchor=www.ecrminerals.com&index=1&md5=a86fc51df1045c9d88c748d5309f6e41)                                                                         
                                                                                                                                                                                                                                                                                               
 WH Ireland Ltd                                                                                                                                                                                                                                              Tel: +44 (0) 207 220 1666         
 Nominated Adviser                                                                                                                                                                                                                                                                             
 
                                                                                                                                                                                                                                                                                             
 Katy Mitchell / Andrew de Andrade                                                                                                                                                                                                                                                             
                                                                                                                                                                                                                                                                                               
 SI Capital Ltd                                                                                                                                                                                                                                              Tel: +44 (0) 1483 413500          
 Broker                                                                                                                                                                                                                                                                                        
 Nick Emerson                                                                                                                                                                                                                                                                                  
                                                                                                                                                                                                                                                                                               
 Novum Securities Limited                                                                                                                                                                                                                                    Tel: +44 (0) 20 7399 9425         
 Broker                                                                                                                                                                                                                                                                                        
 
                                                                                                                                                                                                                                                                                             
 Jon Belliss                                                                                                                                                                                                                                                                                   
                                                                                                                                                                                                                                                                                               
 Blytheweigh                                                                                                                                                                                                                                                 Tel: +44 (0) 207 138 3204         
 Public Relations                                                                                                                                                                                                                                                                              
 Tim Blythe                                                                                                                                                                                                                                                                                    
 
                                                                                                                                                                                                                                                                                             
                                                                                                                                                                                                                                                                                               
                                                                                                                                                                                                                                                                                               


ABOUT ECR MINERALS PLC

ECR Minerals is a mineral exploration and development company. ECR’s wholly
owned Australian subsidiary Mercator Gold Australia Pty Ltd (“MGA”) has
100% ownership of the Bailieston and Creswick gold projects in central
Victoria, Australia, has eight licence applications outstanding including two
licence applications lodged in eastern Victoria. (Tambo gold project). MGA is
currently drilling at both the Bailieston (EL5433) and Creswick (EL6148)
projects and has an experienced exploration team with significant local
knowledge in the Victoria Goldfields and wider region.

https://mercatorgold.com.au/
(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fmercatorgold.com.au%2F&esheet=52695753&newsitemid=20220424005051&lan=en-US&anchor=https%3A%2F%2Fmercatorgold.com.au%2F&index=2&md5=1b9f8e945ce7faa88416224d97599aa3)

ECR also owns 100% of an Australian subsidiary LUX Exploration Pty Ltd
(“LUX”) which has three licence applications covering 900 km2 covering a
relatively unexplored area in Queensland, Australia.

https://luxexploration.com/
(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fluxexploration.com%2F&esheet=52695753&newsitemid=20220424005051&lan=en-US&anchor=https%3A%2F%2Fluxexploration.com%2F&index=3&md5=96a9898d79741f9374d7aa2b56e46c88)

Following the sale of the Avoca, Moormbool and Timor gold projects in
Victoria, Australia to Fosterville South Exploration Ltd (TSX-V: FSX) and the
subsequent spin-out of the Avoca and Timor projects to Leviathan Gold Ltd
(TSX-V: LVX), Mercator Gold Australia Pty Limited has the right to receive up
to A$2 million in payments subject to future resource estimation or production
from projects sold to Fosterville South Exploration Limited.

ECR holds 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, which has a 43-101 compliant resource. ECR also holds a
royalty on the SLM gold project in La Rioja Province, Argentina and can
potentially receive up to US$2.7 million in aggregate across all licences.



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ECR Minerals plc


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