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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 | 3.45% | 0.30 | 0.29 | 0.31 | 0.30 | 0.29 | 0.29 | 6,762,315 | 12:53:09 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
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
(END) Dow Jones Newswires
February 11, 2021 12:19 ET (17:19 GMT)
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