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: 18 JANUARY 2008

EXERCISE OF WARRANTS

The Company announces that pursuant to the terms of a Deed of Warrant Grant dated 21 December 2005 with an expiry date of 19 January 2008, Notice of Exercise has been received for 50,000 Warrants for ordinary shares of 10p each in the Company (the "Shares") at a subscription price of 60p each.

Application has been made for the Shares, which will rank pari passu with all existing ordinary shares, to be admitted to trading on AIM. Dealings in these Ordinary Shares are expected to commence on 23 January 2008.

 

EXERCISE OF SHARE OPTIONS

The Company also announces that pursuant to the terms of the Company’s Unapproved Share Option Plan and Articles of Association of the Company, one Option Holder has elected to exercise Share Options in the amount of 125,000 Ordinary Shares (“the Shares”) of 10p each in the Company at a subscription price of 60p each.

Application has been made for the shares, which will rank pari passu with all existing shares, to be admitted to trading on AIM. Dealings in these Ordinary Shares are expected to commence on 23 January 2008.

Following the issues, the total of Shares in issue will be 62,674,911.

 

For further information please contact:

Mercator Gold plc    
Patrick Harford, Managing Director Tel: +44 (0) 20 7929 1010
Email:This email address is being protected from spambots. You need JavaScript enabled to view it.    
   
   
   
Bankside Consultants Ltd Tel: +44 (0) 20 7367 8888
Simon Rothschild    
Keith Irons    
Oliver Winters    

 

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