REG-ECR Minerals plc Payment to GoldOz PL

ECR MineralsAnnouncement

23/11/2022 07:30

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Payment to GoldOz PL

 

ECR MINERALS plc

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

Payment to GoldOz PL

ECR Minerals plc (LON: ECR), the exploration and development company focused
on gold in Australia is pleased to announce it will issue A$120,000 of fees to
GoldOz PL in satisfaction of all fees owing to them as adviser in connection
with the recent option agreement and potential acquisition of Placer Gold Pty
Limited as announced on 27 October 2022. This fee is to be satisfied by a
payment of A$60,000 in cash and A$60,000 in shares through the issue of
3,272,608 shares at a price of 1.03p calculated by reference to the 30 day
VWAP.

Application has been made for the shares to be admitted to trading on AIM
(“Admission”). Admission is expected to occur on or around 28 November
2022. Upon Admission, ECR’s issued ordinary share capital will comprise
1,067,737,159 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 shares will rank pari passu in all
respects with the ordinary shares of the Company currently traded on AIM.

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=52977211&newsitemid=20221123005166&lan=en-US&anchor=www.ecrminerals.com&index=1&md5=fff68fdc321ee957b52a12cc5c4732f2)                                                                         
                                                                                                                                                                                                                                                                                               
 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 70% 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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