ECR MINERALS PLC: Block Listing Application
February 11 2021 - 11:19AM
UK Regulatory
TIDMECR
ECR MINERALS plc
("ECR Minerals", "ECR" or the "Company")
BLOCK LISTING APPLICATION
ECR Minerals plc (LON: ECR), the gold exploration and
development company focussed on Australia, announces that an
application has been made to the London Stock Exchange for a block
listing of securities in respect of 117,000,119 ordinary shares of
GBP0.00001 each (the 'New Ordinary Shares') to be admitted to
trading on AIM.
The New Ordinary Shares will be issued from time to time in
order to satisfy certain warrants and options which may be
exercised. It is expected that admission will become effective on
17 February 2021.
The block listings consist of:
1. 32,745,000 ordinary shares in respect of the 11 July 2018 warrants
exercisable at 1.125 pence per share, the "30 July 2018 Subscription
Warrants Scheme";
2. 32,500,000 ordinary shares in respect of the 6 April 2020 warrants
exercisable at 1 penny per share, the "20 April 2020 Subscription
Warrants Scheme".
3. 37,755,119 ordinary shares in respect of the 16 July 2020 warrants
exercisable at 2.1 pence per share, the "30 July 2020 Subscription
Warrants Scheme".
4. 14,000,000 ordinary shares in respect of the 11 July 2018 options
exercisable at 1.125 pence per share, the "11 July 2018 Options Scheme".
For the avoidance of doubt these applications are not
applications to list the warrants and options themselves on any
regulated market but merely an administrative measure to ensure
that the Company does not need to make multiple applications for
admission of ordinary shares to trading on each separate occasion
when the existing warrants and options are exercised by holders.
The warrants and options remain in uncertificated form and there
are no changes to the terms and conditions of the warrants and
options.
Following the Block Admission, the Company's issued share
capital will remain unchanged at 877,164,658 ordinary shares. The
Company will make six-monthly announcements of the utilisation of
the Block Admission, in line with its obligations under AIM Rule
29.
When issued, the New Ordinary Shares will be credited as fully
paid and will rank pari passu in all respects with the existing
ordinary shares of GBP0.00001 each in the capital of the Company
('Ordinary Shares').
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
Novum Securities Ltd Tel: +44 (0)20 7399 9400
Broker
Jon Belliss
ABOUT ECR MINERALS PLC
ECR is a mineral exploration and development company. ECR's
wholly owned Australian subsidiary Mercator Gold Australia Pty Ltd
has 100% ownership of the Bailieston and Creswick gold projects in
central Victoria, Australia. ECR is currently drilling high
priority targets on the Bailieston gold project using the Company's
own diamond drill rig. ECR has an experienced exploration team with
significant local knowledge in the Victoria Goldfields.
Following the sale of the Avoca, Moormbool and Timor gold
projects in Victoria, Australia to Fosterville South Exploration
Ltd (TSX-V: FSX), ECR has the right to receive up to A$2 million 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 the Philippines, and holds a
royalty on the SLM gold project in La Rioja Province,
Argentina.
View source version on businesswire.com:
https://www.businesswire.com/news/home/20210211005741/en/
CONTACT:
ECR Minerals plc
SOURCE: ECR Minerals plc
Copyright Business Wire 2021
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