This announcement contains inside information for the purposes
of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it
forms part of UK domestic law by virtue of the European Union
(Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with
the Company's obligations under Article 17 of
MAR.
5 December
2024
ECR MINERALS
PLC
("ECR Minerals", "ECR" or the
"Company")
Update in relation to
subscription to raise £950,000
ECR Minerals plc (LON: ECR), the
exploration and development company focused on gold in Australia,
provides the following update in respect of the Company's
subscription to raise £950,000 (the "Subscription"), which was announced on
25 November 2024.
On 25 November 2024, the Company
announced, inter
alia, that application would be made to the London Stock
Exchange Plc for 287,878,787 new ordinary shares of 0.001 pence
each in the Company ("Ordinary
Shares") to be admitted to trading on AIM ("Admission") and it was expected that
Admission would become effective on or around 9 December
2024.
ECR has been informed by the
Company's broker acting on the Subscription that Admission will
take place on 16 December 2024. The Subscription letter erroneously
referenced 9 December 2024 as the admission date but it was always
the broker's original intention that the 287,878,787 new Ordinary
Shares were to be admitted to trading on AIM on 16 December
2024.
Accordingly, the Company has updated
its application to the London Stock Exchange plc for the
287,878,787 new Ordinary Shares to be admitted to trading on AIM on
16 December 2024.
FOR
FURTHER INFORMATION, PLEASE CONTACT:
|
ECR Minerals
Plc
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Tel: +44 (0) 1738 317 693
|
|
Nick Tulloch, Chairman
Andrew Scott, Director
|
|
|
|
|
|
Email:
info@ecrminerals.com
|
|
|
Website:
www.ecrminerals.com
|
|
|
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|
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Allenby
Capital Limited
|
Tel: +44 (0) 20 3328
5656
|
|
Nominated Adviser
Nick Naylor / Alex Brearley / Vivek
Bhardwaj
|
info@allenbycapital.com
|
|
|
|
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Axis Capital
Markets Limited
|
Tel: +44 (0) 203 026
0320
|
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Broker
|
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Ben Tadd / Lewis Jones
|
|
|
|
|
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SI Capital
Ltd
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Tel: +44 (0) 1483 413500
|
|
Broker
|
|
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Nick Emerson
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|
Brand
Communications
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Tel: +44 (0) 7976 431608
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Public & Investor Relations
|
|
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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).
ECR also owns 100% of an Australian subsidiary
LUX Exploration Pty Ltd ("LUX") which has three approved
exploration permits covering 946 km2 over a relatively
unexplored area in Lolworth Range, Queensland, Australia. The
Company has also submitted a license application at Kondaparinga
which is approximately 120km2 in area and located
within the Hodgkinson Gold Province, 80km NW of Mareeba, North
Queensland.
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), MGA
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.
MGA also has approximately A$75 million of
unutilised tax losses incurred during previous
operations.