{"id":110033,"title":"ECR Minerals (AIM:ECR) Conditional Fundraise of £580,000 & Proposed General Meeting","publisher":"Share Talk","author":"sharetalk","published":"2023-09-18T07:45:24+00:00","modified":"2023-09-18T07:45:24+00:00","canonical_url":"https://www.share-talk.com/ecr-minerals-aimecr-conditional-fundraise-of-580000-proposed-general-meeting/","markdown_url":"https://www.share-talk.com/ecr-minerals-aimecr-conditional-fundraise-of-580000-proposed-general-meeting.md","json_url":"https://www.share-talk.com/ecr-minerals-aimecr-conditional-fundraise-of-580000-proposed-general-meeting.json","category":"Mining","categories":["Mining"],"tags":["Adam Jones","Andrew Scott","Avoca Gold Project","bailieston gold project","Ballarat","ballarat gold system","Black Cat","cherry tree","Creswick Gold Project","David Tang","dimocks main shale","dr rodney boucher","ECR","ECR Minerals","fosterville gold mine","fosterville south exploration","Geological Survey of Victoria","Moderna","Nick Tulloch","Philippines","Queensland","Share Talk","Tambo Gold Project","Timor Gold Project","Victoria"],"featured_image":"https://i0.wp.com/www.share-talk.com/wp-content/uploads/2023/11/Stencil-Google-Chrome-2023-04-19-at-2.47.43-PM.jpeg?fit=1231%2C615&quality=89&ssl=1","format":"news","language":"en-GB","content":"Australia-centered mining firm **ECR Minerals PLC (AIM: ECR)** has garnered £580,000 through a direct share subscription, priced at 0.175p each, to several affluent individuals and institutional backers.\n\nThe capital raised will propel ECR’s current assets, explore new potential ventures, and support the company’s day-to-day operational needs.\n\nShare issuance depends on the approval of shareholders and its listing on AIM.\n\nECR’s Managing Director, Nick Tulloch, expressed his gratitude stating, “Despite the testing market circumstances, ECR’s robust assets have garnered the backing from a key group of wealthy and institutional shareholders.”\n\nTulloch added, “If sanctioned, the Board envisions that the primary use of these funds will be to expedite ECR’s initiatives. Moreover, there are multiple new prospects that the board might consider advancing post thorough due diligence.\n\nTogether with my fellow board members, I am eager to share more updates soon"}