REG - ECR Minerals PLC - Issue of Equity and Total Voting Rights

ECR MineralsAnnouncement

17/10/2025 09:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20251017:nRSQ8359Da&default-theme=true

RNS Number : 8359D  ECR Minerals PLC  17 October 2025

 

 

17 October 2025

 

ECR MINERALS PLC

 

("ECR Minerals", "ECR" or the "Company")

 

Issue of Equity, Total Voting Rights

and

PDMR dealings

 

ECR Minerals plc (LON: ECR), the exploration and development company focused
on gold in Australia, is pleased to announce the issue of new ordinary shares
of 0.001 pence each in ECR (the "Ordinary Shares") in respect of the board of
directors of ECR's (the "Board" or the Directors") ongoing remuneration
policy, whereby each Director and certain consultants to the Company are
remunerated partially through the issue of new Ordinary Shares.

 

Nick Tulloch, Chairman, will receive 11,250,000 new Ordinary Shares, as
payment in lieu of £22,500 of his accrued remuneration for the period from 1
July 2025 to 30 September 2025.   Andrew Scott and Mike Parker,
Non-Executive Directors, will each receive 3,000,000 new Ordinary Shares, as
payment in lieu of £6,000 of their accrued remuneration for the same period.
 

 

Certain consultants (including proposed director Chris Gibbs) and professional
advisers will receive 11,730,435 new Ordinary Shares in total, as payment in
lieu of an aggregate of £23,460.87 of their accrued remuneration and fees for
the period from 1 July 2025 to 30 September 2025.

 

All of the new Ordinary Shares are to be issued at a price of 0.20 pence per
new Ordinary Share being a price equal to the issue price of the Company's
subscription announced on 1 October 2025.

 

PDMR dealings

 

Pursuant to the arrangements set out above, a total of 28,980,435 new Ordinary
Shares will be issued by the Company. Following this issuance, the total
numbers of Ordinary Shares that will be held following Admission (as defined
below) by the Directors, as Persons Discharging Managerial Responsibility
("PDMRs") of the Company as at the date of this announcement, are as follows:

 

 Name          New Ordinary Shares to be issued  Total Ordinary Shares held in the Company following Admission  As a percentage of the Company's enlarged issued ordinary share capital
                                                                                                                following Admission
 Nick Tulloch  11,250,000                        78,522,907                                                     2.94%
 Andrew Scott  3,000,000                         27,734,286                                                     1.04%
 Mike Parker   3,000,000                         10,042,581                                                     0.38%
 Total         17,250,000

 

The FCA notification in respect of these PDMR dealings, made in accordance
with the requirements of the UK Market Abuse Regulation, is appended further
below.

 

Admission and Total Voting Rights

 

Application has been made for 28,980,435 new Ordinary Shares to be admitted to
trading on AIM ("Admission") and it is expected that Admission will become
effective on or around 22 October 2025. The 28,980,435 new Ordinary Shares
will rank pari passu with the existing Ordinary Shares. Upon Admission, ECR's
issued ordinary share capital will comprise 2,673,493,389 Ordinary Shares.
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 Guidance and Transparency Rules.

 

FOR FURTHER INFORMATION, PLEASE CONTACT:

 

 ECR Minerals Plc                                                                                                                                                                                                                                   Tel: +44 (0) 20 8080 8176
 Nick Tulloch, Chairman                                                                                                                                                                                                                             info@ecrminerals.com (mailto:info@ecrminerals.com)

 Andrew Scott, Director

 Website: www.ecrminerals.com
 (http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.ecrminerals.com%2F&esheet=51817334&newsitemid=20180605005810&lan=en-US&anchor=www.ecrminerals.com&index=1&md5=820ad49dc1fc2c84a0538453c017bc1b)

 Allenby Capital Limited                                                                                                                                                                                                                            Tel: +44 (0) 3328 5656
 Nominated Adviser and Joint Broker                                                                                                                                                                                                                 info@allenbycapital.com (mailto:info@allenbycapital.com)
 Alex Brearley / Nick Naylor / Vivek Bhardwaj (Corporate Finance)
 Kelly Gardiner (Sales and Corporate Broking)

 Axis Capital Markets Limited                                                                                                                                                                                                                       Tel: +44 (0) 203 026 0320
 Joint Broker
 Lewis Jones

 SI Capital Ltd                                                                                                                                                                                                                                     Tel: +44 (0) 1483 413500
 Joint Broker
 Nick Emerson

 Brand Communications                                                                                                                                                                                                                               Tel: +44 (0) 7976 431608
 Public & Investor Relations
 Alan Green

 

ABOUT ECR MINERALS PLC

 

ECR Minerals is a mineral exploration and development company operating
through two wholly owned Australian subsidiaries ECR Minerals (Australia) Pty
Ltd ("ECR Australia") and ECR Minerals (Queensland) Pty Ltd ("ECR
Queensland").

 

ECR Australia owns the Bailieston and Creswick gold projects in central
Victoria, Australia as well as the Tambo gold project in eastern Victoria.

 

ECR Queensland has two approved exploration permits over the Blue Mountain
alluvial gold project in central Queensland, Australia, which it is currently
working to bring into production.  It also has three approved exploration
permits covering 946 km2 over a relatively unexplored area in Lolworth Range
in northern Queensland. Furthermore, ECR Queensland has also submitted a
licence application at Kondaparinga which is approximately 120km2 in area and
located within the Hodgkinson Gold Province, 80km NW of Mareeba, North
Queensland.

 

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), ECR Australia has the right to receive up to A$2 million in
payments subject to future resource estimation or production from these
projects.

 

ECR Australia also has approximately A$75 million of unutilised tax losses
incurred during previous operations.

 

The following notification, made in accordance with the requirements of the UK
Market Abuse Regulation, gives further details.

 

 1     Details of the person discharging managerial responsibilities / person closely
       associated
 a)    Name

Name          Position
                                                                      Nick Tulloch  Chairman
                                                                      Andrew Scott  Non-Executive Director
                                                                      Mike Parker   Non-Executive Director

 

 2     Reason for the notification
 a)    Position/status                                                See above

 b)    Initial notification /Amendment                                Initial notification
 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    Ordinary shares of 0.001p each in ECR Minerals plc

       Identification code                                            Identification code (ISIN) for ECR Minerals plc ordinary shares: GB00BYYDKX57
 b)    Nature of the transaction                                      Issue of new Ordinary Shares in lieu of salary
 c)    Price(s) and volume(s)                                         Name           Price(s)   Volume(s)
                                                                      Nick Tulloch  0.20 pence  11,250,000
                                                                      Andrew Scott  0.20 pence  3,000,000
                                                                      Mike Parker   0.20 pence  3,000,000

 
 d)    Aggregated information:                                        N/A

       -      Aggregated volume

       -      Price
 e)    Date of the transaction                                        17 October 2025
 f)    Place of the transaction                                       Outside a trading venue

 

 

2

Reason for the notification

a)

Position/status

See above

 

b)

Initial notification /Amendment

Initial notification

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 of 0.001p each in ECR Minerals plc

Identification code (ISIN) for ECR Minerals plc ordinary shares: GB00BYYDKX57

b)

Nature of the transaction

Issue of new Ordinary Shares in lieu of salary

c)

Price(s) and volume(s)

 Name           Price(s)   Volume(s)
 Nick Tulloch  0.20 pence  11,250,000
 Andrew Scott  0.20 pence  3,000,000
 Mike Parker   0.20 pence  3,000,000

 

d)

Aggregated information:

-      Aggregated volume

-      Price

N/A

e)

Date of the transaction

17 October 2025

f)

Place of the transaction

Outside a trading venue

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  IOEDDLBFEBLEFBL



            Copyright 2019 Regulatory News Service, all rights reserved