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.

ECR MINERALS plc
(“ECR Minerals”, “ECR” or the “Company”)

 

AIM: ECR

US OTC: MTGDY

 

ECR Minerals plc announces that it has issued and allotted a total of 19,103,351 ordinary shares of 0.1p at 1.0469p per share to YA Global SPV Ltd (“YA Global”) in connection with an advance of £200,000 (the “Advance”) under the Company’s Standby Equity Distribution Agreement (SEDA) with YA Global.

The proceeds of the Advance will be applied towards repayment of the US$1.5M loan from YA Global to the Company announced on 15 August 2011 and in order to provide additional working capital to ACS Asia, the Thai metal products business in which the Company holds a 70% interest. ACS Asia is presently servicing a substantial cable management system order received from the Middle East and expects to secure a number of other sizable orders in the coming months.

Pursuant to this announcement application will be made for a total of 19,103,351 Ordinary Shares to be admitted to trading on AIM. Dealings are expected to commence on 1 March 2012. Following admission of these shares the Company will have a total of 713,909,432 Ordinary Shares in issue. 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
Michael Silver, Chairman Tel: +44 (0) 20 7929 1010
Patrick Harford, Managing Director
Stephen Clayson, Director
Luca Tenuta, Non-Executive Director
Email:This email address is being protected from spambots. You need JavaScript enabled to view it.
Daniel Stewart & Company plc
Paul Shackleton/Tessa Smith/David Hart Tel: +44 (0) 20 7776 6550
Old Park Lane Capital plc
Michael Parnes Tel: +44 (0) 20 7493 8188
Blythe Weigh Communications
Matthew Neal Tel: +44 (0)20 7138 3204
Barry Kaplan Associates
Larry Kaplan Tel: +1 732 747 0702