ECR Minerals plc Result of AGM
March 31 2015 - 5:35AM
UK Regulatory
TIDMECR
ECR MINERALS plc
("ECR Minerals", "ECR" or the "Company")
AIM: ECR
US OTC: MTGDY
RESULT OF AGM AND STATEMENT
LONDON: 31 MARCH 2015 - The board of directors of ECR Minerals
plc (the "Board") announces that at the Company's annual general
meeting (AGM) held at 9.30am today all resolutions proposed were
passed.
After the business of the meeting, the following statement was
read by Paul Johnson, the Company's Non-Executive Chairman:
"On behalf of the Board, I would like to thank shareholders for
their support over the past year, which has been a testing time for
the mineral sector. During the year, ECR has pressed ahead with
operations at the Itogon gold project in the Philippines and the
SLM gold project in Argentina, as well as carrying out detailed
evaluations of a number of potential new investments.
Although mineral exploration and development is inherently a
high risk activity, the Board believes the path to creating
shareholder value in a business such as ECR lies in working to
understand the economic potential of the Company's projects as
fully as reasonably possible, and working thereafter, assuming it
is economically and technically feasible to do so, to move the
projects forward into production or seek to realise their value by
other means. The ECR team intend to continue striving to implement
this strategy intelligently and cost effectively."
ABOUT ECR
ECR is a mineral exploration and development company with, among
other interests, the right to earn a 50% interest in the Itogon
gold project in the Philippines. Itogon is an advanced exploration
project located in a gold and copper mining district in the north
of the Philippines.
ECR has a 100% interest in the SLM gold project in La Rioja
Province, Argentina, the exploration strategy for which is to
delineate multiple medium to high grade, low tonnage deposits
suitable for advancement to production on a relatively low capital,
near term basis.
ECR continues to review potential new investments on a highly
selective basis, with a concentration on precious, base and
strategic metals projects in Asia and South America.
FOR FURTHER INFORMATION PLEASE CONTACT:
ECR Minerals plc Tel: +44 (0)20 7929 1010
Paul Johnson, Non-Executive Chairman
Stephen Clayson, Director & CEO
Richard (Dick) Watts, Technical Director
Email: info@ecrminerals.com
Website: www.ecrminerals.com
Cairn Financial Advisers LLP Tel: +44 (0)207 148 7900
Nominated Adviser
Jo Turner/Emma Earl
Daniel Stewart & Company plc Tel: +44 (0)20 7776 6550
Broker
Colin Rowbury
FORWARD LOOKING STATEMENTS
This announcement may include forward looking statements. Such
statements may be subject to a number of known and unknown risks,
uncertainties and other factors that could cause actual results or
events to differ materially from current expectations. There can be
no assurance that such statements will prove to be accurate and
therefore actual results and future events could differ materially
from those anticipated in such statements. Accordingly, readers
should not place undue reliance on forward looking statements. Any
forward looking statements contained herein speak only as of the
date hereof (unless stated otherwise) and, except as may be
required by applicable laws or regulations (including the AIM Rules
for Companies), the Company disclaims any obligation to update or
modify such forward looking statements as a result of new
information, future events or for any other reason.
This information is provided by Business Wire
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