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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Ecr Minerals Plc | LSE:ECR | London | Ordinary Share | GB00BYYDKX57 | ORD 0.001P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.32 | 0.31 | 0.33 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From Apr 2019 to Apr 2024
TIDMECR
ECR MINERALS plc
("ECR Minerals", "ECR" or the "Company")
AIM: ECR
US OTC: MTGDY
PARTIAL CONVERSION OF LOAN
LONDON: 17 JULY 2015 - ECR Minerals plc announces the issue and allotment of 90,183,357 new ordinary shares of 0.001 pence each in the Company ("Ordinary Shares") at a price of 0.0709 pence per share pursuant to the conversion of US$100,000 of outstanding principal amount under the Company's convertible loan facility (the "Facility") with YA Global Master SPV Ltd ("YA Global"). Accordingly, the outstanding principal amount will be reduced by US$100,000, leaving a total of US$935,712 in principal amount outstanding under the Facility.
A further 2,399,774 new Ordinary Shares are to be issued and allotted to YA Global at a price of 0.0709 pence per share in settlement of accrued interest.
Pursuant to this announcement, application has been made for 92,583,131 new Ordinary Shares of the Company to be admitted to trading on AIM. This is expected to occur on 23 July 2015 ("Admission"). Following Admission, ECR's issued ordinary share capital will consist of 3,959,612,463 Ordinary Shares. The new Ordinary Shares will rank pari passu in all respects with the Ordinary Shares of the Company currently traded on AIM.
The total of 3,959,612,463 Ordinary Shares may therefore be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.
FOR FURTHER INFORMATION PLEASE CONTACT:
ECR Minerals plc Tel: +44 (0)20 7929 1010 William (Bill) Howell, 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 Martin Lampshire
View source version on businesswire.com: http://www.businesswire.com/news/home/20150717005446/en/
This information is provided by Business Wire
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