Exercise of Warrants
(“ECR Minerals”, “ECR” or the “Company”)
EXERCISE OF WARRANTS
(LON: ECR), the gold exploration and development company focussed on , announces it has received notice to exercise warrants over 5,500,000 new ordinary shares in the Company. 3,500,000 new ordinary shares are at an exercise price of 1.125p per share and 2,000,000 new ordinary shares are at an exercise price of 1p per share (“Warrant Shares”). Subscription monies of £59,375 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 (“Admission”). Upon Admission, ECR’s issued ordinary share capital will comprise 609,698,917 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 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 (RIS), this inside information is now considered to be in the public domain.
FOR FURTHER INFORMATION, PLEASE CONTACT:
ECR is a mineral exploration and development company. ECR’s wholly owned Australian subsidiary has 100% ownership of the Bailieston and Creswick gold projects in central .
Following the sale of the Avoca, Moormbool and Timor gold projects in to (TSX-V: FSX), ECR has the right to receive up to in payments subject to future resource estimation or production at those projects.
ECR has earned 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 , and holds a royalty on the SLM gold project in , .
Tel: +44 (0)20 7929 1010
, Non-Executive Chairman
, Director & CEO
Tel: +44 (0)161 832 2174
SI Capital Ltd
Tel: +44 (0)1483 413500
Quick facts: ECR Minerals PLC
Market Cap: £15.22 m
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