ECR Minerals plc (LON: ECR), the exploration and development company focused on gold in Australia is pleased to announce it will issue A$120,000 of fees to GoldOz PL in satisfaction of all fees owing to them as adviser in connection with the recent option agreement and potential acquisition of Placer Gold Pty Limited as announced on 27 October 2022.
This fee is to be satisfied by a payment of A$60,000 in cash and A$60,000 in shares through the issue of 3,272,608 shares at a price of 1.03p calculated by reference to the 30 day VWAP.
Application has been made for the shares to be admitted to trading on AIM (“Admission”). Admission is expected to occur on or around 28 November 2022. Upon Admission, ECR’s issued ordinary share capital will comprise 1,067,737,159 ordinary shares of 0.001p. This number will represent the total voting rights in the Company, and following Admission may be used by shareholders as the denominator for the calculation by which they can determine if they are required to notify their interest in, or a change to their interest in, the Company under the Financial Conduct Authority’s Disclosure and Transparency Rules. The shares will rank pari passu in all respects with the ordinary shares of the Company currently traded on AIM.
@ecrminerals encouraging results from 1st Blue Moon Drill Hole 🇦🇺 Andrew Haythorpe "..programme testing mineralised continuity of Blue Moon #gold bearing structure..v encouraged by what we’ve seen so far..looking forward to next three hole results." #ECR https://t.co/LFKhgHYYdI pic.twitter.com/wjZICArfOZ
— Share_Talk ™ (@Share_Talk) November 17, 2022
FOR FURTHER INFORMATION, PLEASE CONTACT:
ECR Minerals plc
Tel: +44 (0) 20 7929 1010
David Tang, Non-Executive Chairman
Andrew Haythorpe, CEO
Email: [email protected]
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