REG-ECR Minerals plc Warrant Exercise
22/04/2022 11:15
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Warrant Exercise
ECR MINERALS Plc
(the “Company”)
Company number 05079979
Resolutions of the Board of Directors of the Company (the “Board”)
22nd April 2022
WHEREAS the Board received notice to exercise warrants over 20,500,000 new
ordinary shares in the Company at an exercise price of 1p per share
(“Warrant Shares”). Subscription monies of £205,000.00 have been received
by ECR in respect of the exercise of these warrants and a copy of the warrant
certificate was received by ECR from the Warrant Holder for the exercise of
these warrants.
IT WAS RESOLVED:
1. that the issue and allotment of a total of 20,500,000 ordinary shares of ECR
Minerals Plc of £0.00001 be authorised in connection with the above,
application be made for the admission of the shares to trading on AIM, the
Company’s registrars be authorised to take all steps necessary to effect the
issue and allotment of the shares, and the appropriate regulatory announcement
be made;
2. that copies of this resolution (or extracts thereof, as appropriate) be
supplied to the Company’s AIM nominated adviser and the Company’s
registrars as necessary, and that the Company Secretary be instructed to make
all necessary filings with Companies House in connection with the issue and
allotment of the shares.
SIGNED
David Tang
Chairman
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=52694447&newsitemid=20220422005251&lan=en-US&anchor=www.ecrminerals.com&index=1&md5=76d79e26a39bb565174b2b17f31ee6f7)
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=52694447&newsitemid=20220422005251&lan=en-US&anchor=https%3A%2F%2Fmercatorgold.com.au%2F&index=2&md5=1ddd8ab80c6602ecc02f077d34e43f22)
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=52694447&newsitemid=20220422005251&lan=en-US&anchor=https%3A%2F%2Fluxexploration.com%2F&index=3&md5=18452974eec67bc6a1f7ce17701bdcac)
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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