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ECR Ecr Minerals Plc

0.285
-0.01 (-3.39%)
Last Updated: 09:15:30
Delayed by 15 minutes
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
  -0.01 -3.39% 0.285 0.28 0.29 0.295 0.285 0.295 2,524,476 09:15:30
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

ECR Minerals plc Partial Conversion of Loan

26/10/2015 9:03am

UK Regulatory


Ecr Minerals (LSE:ECR)
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From Mar 2019 to Mar 2024

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TIDMECR 
 
 

ECR MINERALS plc

 

("ECR Minerals", "ECR" or the "Company")

 

AIM: ECR

 

US OTC: MTGDY

 

PARTIAL CONVERSION OF LOAN

 

LONDON: 26 OCTOBER 2015 - ECR Minerals plc announces the issue and allotment of 186,309,751 new ordinary shares of 0.001 pence each in the Company ("Ordinary Shares") at a price of 0.0523 pence per share pursuant to the conversion of US$150,000 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$150,000, leaving a total of US$500,000 in principal amount outstanding under the Facility.

 

A further 715,430 new Ordinary Shares are to be issued and allotted to YA Global at a price of 0.0523 pence per share in settlement of accrued interest.

 

Pursuant to this announcement, application has been made for 187,025,181 new Ordinary Shares of the Company to be admitted to trading on AIM. This is expected to occur on 30 October 2015 ("Admission"). Following Admission, it is expected that ECR's issued ordinary share capital will consist of 5,174,743,855 Ordinary Shares. The new Ordinary Shares will rank pari passu in all respects with the Ordinary Shares of the Company currently traded on AIM.

 

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 
Vicarage Capital Ltd                         Tel: +44 (0)203 651 2910 
Broker 
Rupert Williams/Jeremy Woodgate 
 
 
 
 

View source version on businesswire.com: http://www.businesswire.com/news/home/20151026005563/en/

 
This information is provided by Business Wire 
 
 

(END) Dow Jones Newswires

October 26, 2015 05:03 ET (09:03 GMT)

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