ECR Minerals plc announces that it has issued 22,727,272 ordinary shares of 0.1 pence par value pursuant to the conversion of convertible loan notes totalling £250,000 based on a conversion price of 1.1 pence per share. The Company has also issued a further 762,141 ordinary shares in settlement of convertible loan note interest totalling £8,383.56 based on a price of 1.1 pence per share.
Pursuant to this announcement application has been made for 23,489,413 ordinary shares to be admitted to trading on AIM. Dealings are expected to commence on 23 March 2011. The Company now has a total of 534,098,587 ordinary shares in issue.
About ECR Minerals
ECR is a mineral development company with interests in the USA, Argentina, Indonesia, Thailand and Australia.
For further information please contact:
|ECR Minerals plc|
|Michael Silver, Chairman||Tel:||+44 (0) 20 7929 1010|
|Patrick Harford, Managing Director|
|Stephen Clayson, Chief Financial Officer|
|Daniel Stewart & Company plc|
|Oliver Rigby/Tessa Smith||Tel:||+44 (0) 20 7776 6550|
|Old Park Lane Capital plc|
|Forbes Cutler||Tel:||+44 (0) 20 7518 2603|
|Director of Corporate Broking|
|Blythe Weigh Communications|
|Ana Ribeiro||Tel:||+44 (0)20 7138 3204|
|Barry Kaplan Associates|
|Larry Kaplan||Tel:||+1 732 747 0702|