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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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.01 | -3.13% | 0.31 | 0.30 | 0.32 | 0.32 | 0.31 | 0.32 | 3,183,602 | 10:00:38 |
| 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: 4 NOVEMBER 2015 - ECR Minerals plc announces the issue and allotment of 244,293,785 new ordinary shares of 0.001 pence each in the Company ("Ordinary Shares") at a price of 0.0531 pence per share pursuant to the conversion of US$200,000 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$200,000, leaving a total of US$300,000 in principal amount outstanding under the Facility.
A further 20,330,132 new Ordinary Shares are to be issued and allotted to YA Global at a price of 0.0531 pence per share in settlement of accrued interest.
Pursuant to this announcement, application has been made for 264,623,917 new Ordinary Shares of the Company to be admitted to trading on AIM. This is expected to occur on 10 November 2015 ("Admission"). Following Admission, it is expected that ECR's issued ordinary share capital will consist of 5,439,367,772 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/20151104005687/en/
This information is provided by Business Wire
(END) Dow Jones Newswires
November 04, 2015 05:10 ET (10:10 GMT)
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