logo-loader

ECR Minerals sees 'extremely positive' results from Australian gold operations

Published: 10:37 05 Oct 2018 BST

gold
ECR wants to increase market awareness of its work

ECR Minerals PLC (LON:ECR) told investors on Friday that it is seeing “extremely positive" results from its Australian gold exploration programme in the Victoria region as it issued new shares to its marketing and communications services providers.

The company said it has issued 3,878,400 new ordinary shares valued at £38,784 to several providers of investor and public relations services.

READ: ECR Minerals says option period for due diligence on Iceberg project extended

“I am pleased to see the confidence in the company shown by marketing and communications advisors taking fees in shares at a premium to the current share price,” said chief executive Craig Brown.

“ECR Minerals is now seeing extremely positive results from the Australian gold exploration programme in Victoria region and it is important that we increase market awareness of our work and our notable recent successes at Blue Moon and importantly, Creswick.”

He added: “With this in mind we have been working with advisors to develop a broad communications strategy and secure the right mix of media partners to help broadcast our message.

"Our marketing & media partners are largely incentivised through share based fee payments in respect of recently delivered and planned services and we plan to see a significant increase in the breadth and depth of company communications at this important time in the advancement and development of the company.”

The company also said it has terminated its broking arrangement with Optiva Securities and now has SI Capital Limited as its sole broker.

Chesnara reports strong 2023 results with improved cash generation and...

Chesnara PLC (LSE:CSN) chief executive Steve Murray discusses the company's full-year results for 2023 with Proactive's Stephen Gunnion, describing them as strong and particularly highlighting £53 million in commercial cash generation and a dividend coverage of around 150%. The company has...

1 hour, 9 minutes ago