ECR Minerals plc (the “Company”) is a mineral exploration and development company incorporated in England & Wales. ECR’s wholly owned Australian subsidiary Mercator Gold Australia Pty Ltd has 100% ownership of the Avoca, Bailieston, Moormbool and Timor gold exploration licences in Central Victoria, Australia.

Exploration for gold in Victoria is ECR’s current focus. A map of the Victorian licences can be viewed here. For the latest updates, please see our regulatory announcements.

ECR has earned a 25% interest in the Danglay epithermal gold project, an advanced exploration project located in a prolific gold and copper mining district in the north of the Philippines. An NI43-101 technical report was completed in respect of the Danglay project in December 2015.

ECR’s wholly owned Argentine subsidiary Ochre Mining has 100% ownership of the SLM gold project in La Rioja, Argentina. Exploration at SLM has focused on identifying small tonnage mesothermal gold deposits which may be suitable for relatively near-term production.

ECR shares are listed on the AIM market of the London Stock Exchange with the symbol ECR.

MERCATOR GOLD plc
(“Mercator Gold”, “Mercator” or “the Company”)

AIM: MCR

US OTC: MTGDY

 

LONDON: 5 AUGUST 2005 - LONDON (AFX) - Mercator Gold PLC proposes to raise 1 mln through an underwritten entitlement offer to warrantholders for the early exercise of 12.5 mln warrants.

The offer is conditional upon shareholder and warrantholder approval being received at extraordinary general meetings.

Mercator previously entered into the Annean Joint Venture with St Barbara Mines Ltd to explore for economic gold resources in the Annean Joint Venture area in the Meekatharra region of Western Australia.

The company is currently carrying out an extensive drilling programme on a number of properties within the Annean Joint Venture area and preliminary results have encouraged the Company to extend its current programmes. These funds will provide adequate finance for these extended programmes. Mercator believes that the results received from the projects thus far justify the continuation of drilling programmes at Surprise - including Surprise Extended and Jess, Bluebird and Maid Marion projects.

Sufficient capital will be raised by the early exercise of a proportion of warrants to allow drilling to continue without excessive dilution of the company's shares, Mercator said.

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