TIDMECR
AIM: ECR
ECR MINERALS plc
("ECR Minerals", "ECR" or the "Company")
Director Participation - Strategic Financing
ECR Minerals plc (LON:ECR) the precious metals exploration and
development company is pleased to announce that following the
announcement of 17 December 2018 and following regulatory approval,
the directors of the Company (David Tang and Craig Brown) have
subscribed a combined total of GBP20,000 on the same terms as the
financing set out in the earlier announcement resulting in the
issue of 2,857,143 new ordinary shares.
In total, including the funds raised in the first part of the
financing announced on 17 December 2018, ECR has raised GBP700,000
through the through the issue of 100,000,000 new ordinary shares at
0.70p per share ("Financing Shares").
Each Financing Share has a warrant attaching to subscribe for a
further new ordinary share in ECR Minerals plc at a price of 1.125p
within two years of the admission date of the above financing
shares resulting in the issue of 100,000,000 1.125p warrants.
ADMISSION OF STRATEGIC FINANCING SHARES AND TOTAL VOTING
RIGHTS
Admission is expected to occur on or around 21 December 2018.
Following Admission of the Financing Shares, ECR's issued ordinary
share capital will comprise 445,840,783 ordinary shares of 0.001
pence. This number will represent the total voting rights in the
Company, and, following admission of both the placing and
subscription 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 Financial Conduct Authority's Disclosure
and Transparency Rules. The new shares will rank pari passu in all
respects with the ordinary shares of the Company currently traded
on AIM.
On Admission, Craig Brown will hold 2,977,842 ordinary shares
representing 0.67% of the Company's issued share capital. Likewise,
David Tang will hold 1,428,572 ordinary shares representing 0.32%
of the Company's issued shares capital.
ABOUT ECR MINERALS PLC
ECR is a mineral exploration and development company. ECR's
wholly owned Australian subsidiary Mercator Gold Australia has 100%
ownership of the Avoca, Bailieston, Creswick, Moormbool and Timor
gold exploration licences in central Victoria, Australia.
ECR has earned a 25% interest in the Danglay epithermal gold
project, an advanced exploration project located in a prolific gold
and copper mining district in the north of the Philippines. An
NI43-101 technical report was completed in respect of the Danglay
project in December 2015 and is available for download from ECR's
website.
ECR's wholly owned Argentine subsidiary Ochre Mining has 100%
ownership of the SLM gold project in La Rioja, Argentina.
Exploration at SLM has focused on identifying small tonnage
mesothermal gold deposits which may be suitable for relatively
near-term production.
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 Regulatory Information Service
(RIS), this inside information is now considered to be in the
public domain.
FOR FURTHER INFORMATION, PLEASE CONTACT:
ECR Minerals plc Tel: +44 (0)20 7929 1010
David Tang, Non-Executive Chairman
Craig Brown, Director & CEO
Email:
info@ecrminerals.com
Website:www.ecrminerals.com
WH Ireland Ltd Tel: +44 (0)161 832 2174
Nominated Adviser
Katy Mitchell/James Sinclair-Ford
SI Capital Ltd Tel: +44 (0)1483 413500
Broker
Nick Emerson
NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS
DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY
ASSOCIATED WITH THEM
1 Details of the person discharging managerial responsibilities/person closely associated
a) Name Craig Brown
2 Reason for the notification
a) Position/status Chief Executive Officer
b) Initial notification/ Amendment Initial
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a) Name ECR Minerals PLC
b) LEI 213800PBXY96KXHISJ17
4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a) Description of the financial instrument, type of instrument
Ordinary Shares
Identification code
GB00BYYDKX57
b) Nature of the transaction Subscription for shares
c) Price(s) and volume(s) Price(s)
Volume(s)
GBPGBP0.007
1,428,571
d) Aggregated information 1,428,571 shares
GBPGBP0.007
Aggregated volume Price
e) Date of the transaction London, Off market
f) Place of the transaction 19/12/218
NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS
DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY
ASSOCIATED WITH THEM
1 Details of the person discharging managerial responsibilities/person closely associated
a) Name Weili (David) Tang
2 Reason for the notification
a) Position/status Non-Executive Chairman
b) Initial notification/ Amendment Initial
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a) Name ECR Minerals PLC
b) LEI 213800PBXY96KXHISJ17
4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a) Description of the financial instrument, type of instrument
Ordinary Shares
Identification code
GB00BYYDKX57
b) Nature of the transaction Subscription for shares
c) Price(s) and volume(s) Price(s)
Volume(s)
1,428,572
GBPGBP0.007
d) Aggregated information 1,428,572 shares
GBPGBP0.007
Aggregated volume Price
e) Date of the transaction 19/12/2018
f) Place of the transaction London, Off market
FORWARD LOOKING STATEMENTS
This announcement may include forward looking statements. Such
statements may be subject to numerous 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 because of new information,
future events or for any other reason.
View source version on businesswire.com:
https://www.businesswire.com/news/home/20181220005571/en/
This information is provided by Business Wire
(END) Dow Jones Newswires
December 20, 2018 11:09 ET (16:09 GMT)
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