REG-ECR Minerals plc Issue of Options
17/04/2023 08:15
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Issue of Options
ECR MINERALS plc
(“ECR Minerals” or the “Company”)
Issue of Options
ECR Minerals plc (LON:ECR), the exploration and development company focused on
gold in Australia, is pleased to announce that it has today issued new options
(“New Options”) over 68,100,000 ordinary shares in the Company, to senior
employees and certain directors / PDMRS of the Company.
The new options will be valid for five years. They will be issued in three
equal tranches and are priced at 1p, 2p and 3p. Exercise of each tranche of
the New Options is conditional on the Volume Weighted Average Price of the
shares for 14 days being equal to or higher than the relevant exercise price
prior to exercise. Exercise of the options is also dependant on the relevant
director or employee still being employed by the Company at the time of
exercise.
The Directors and PDMRs receiving shares are as follows:
Name of Director / PDMR No. of New Options Tranche 1: 1p Options Tranche 2: 2p Options Tranche 3: 3p Options Total Options Held*
David Tang (Chairman) 6,000,000 2,000,000 2,000,000 2,000,000 16,000,000
Adam Jones (Director) 12,000,000 4,000,000 4,000,000 4,000,000 17,000,000
Andrew Scott (NED) 6,000,000 2,000,000 2,000,000 2,000,000 21,000,000
Andrew Haythorpe (CEO) 33,000,000 11,000,000 11,000,000 11,000,000 33,000,000
*total options held includes options held under prior Option Schemes. More
details of these are set out in the Company’s Annual Report and Accounts.
The notifications set out below are provided in accordance with the
requirements of the EU Market Abuse Regulation.
“Standard Forms of Notification”
2 Details of the person discharging managerial responsibilities
a) Name David Tang
2 Reason for the notification
a) Position/status Chairman & Director
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
Identification code
GB00BYYDKX57
b) Nature of the transaction Issue of Options
c) Price(s) and volume(s) Price(s)
1p per share
2p per share
3p per share
Volume(s)
2,000,000
2,000,000
2,000,000
d) Aggregated information
- Aggregated volume
6,000,000
- Price
2p
e) Date of the transaction 17 April 2023
f) Place of the transaction London Stock Exchange (XLON)
1 Details of the person discharging managerial responsibilities
a) Name Adam Jones
2 Reason for the notification
a) Position/status Technical Director
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
Identification code
GB00BYYDKX57
b) Nature of the transaction Issue of Options
c) Price(s) and volume(s) Price(s)
1p per share
2p per share
3p per share
Volume(s)
4,000,000
4,000,000
4,000,000
d) Aggregated information
- Aggregated volume
4,000,000
- Price
2p
e) Date of the transaction 17 April 2023
f) Place of the transaction London Stock Exchange (XLON)
1 Details of the person discharging managerial responsibilities
a) Name Andrew Scott
2 Reason for the notification
a) Position/status Non-Executive Director
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
Identification code
GB00BYYDKX57
b) Nature of the transaction Issue of Options
c) Price(s) and volume(s) Price(s)
1p per share
2p per share
3p per share
Volume(s)
2,000,000
2,000,000
2,000,000
d) Aggregated information
- Aggregated volume
6,000,000
- Price
2p
e) Date of the transaction 17 April 2023
f) Place of the transaction London Stock Exchange (XLON)
1 Details of the person discharging managerial responsibilities
a) Name Andrew Haythorpe
2 Reason for the notification
a) Position/status CEO
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
Identification code
GB00BYYDKX57
b) Nature of the transaction Issue of Options
c) Price(s) and volume(s) Price(s)
1p per share
2p per share
3p per share
Volume(s)
11,000,000
11,000,000
11,000,000
d) Aggregated information
- Aggregated volume
33,000,000
- Price
2p
e) Date of the transaction 17 April 2023
f) Place of the transaction London Stock Exchange (XLON)
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=53382035&newsitemid=20230417005414&lan=en-US&anchor=www.ecrminerals.com&index=1&md5=ae7020fcdfd67bdec447eeaf45d9014f)
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
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. 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 six licence applications outstanding which includes
one licence application lodged in eastern Victoria. (Tambo gold project). MGA
is currently drilling at the Bailieston Blue Moon Project (EL5433) and
undertaking geochemical exploration on the Creswick (EL6148) project and has
an experienced exploration team with significant local knowledge in the
Victoria Goldfields and wider region.
ECR also owns 100% of an Australian subsidiary LUX Exploration Pty Ltd
(“LUX”) which has three approved exploration permits covering 946 km(2)
over a relatively unexplored area in Queensland, Australia.
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 90% 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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