ECR Minerals plc Directorate change
12 October 2016 - 5:00PM
UK Regulatory
TIDMECR
AIM: ECRUS OTC: MTGDY
ECR MINERALS plc("ECR" or the "Company")
DIRECTORATE CHANGE
LONDON: 12 OCTOBER 2016 - The directors of ECR Minerals plc (the
"Board") are pleased to announce the appointment of Christian
Gabriel St. John-Dennis (aged 52) as a non-executive director of
the Company with immediate effect.
Christian Dennis is a highly experienced stockbroker and is
currently the CEO and a major shareholder of Optiva Securities Ltd
("Optiva"), a member of the London Stock Exchange. Mr Dennis holds
a B.Sc. (Hons) from the University of Birmingham, is an associate
member of the Chartered Institute for Securities & Investment
(CISI), and is an FCA approved person. During his career Christian
has worked for a number of major investment firms both in London
and New York. He has been involved with advising and arranging
funding for a large number of mining companies across a wide range
of commodities, working with companies at varying stages of
development from seed funding through to IPO, and has assisted in
bringing a number of those companies along the value curve from
project development through to production.
Further to the Company's announcement dated 6 September 2016,
Optiva acts as joint broker to ECR, and holds warrants to subscribe
for a total of up to 1,233,333,333 new ordinary shares in the
Company of 0.001 pence of which 900,000,000 warrants are
exercisable immediately and a further 333,333,333 warrants vest
subject to certain conditions relating to the Company's share price
as set out in the announcement dated 6 September 2016. By virtue of
Christian Dennis being the CEO and controlling shareholder of
Optiva, Christian Dennis is considered to be interested in these
warrants.
In addition, Richard (Dick) Watts has resigned as non-executive
director of the Company with immediate effect.
Craig Brown, Chief Executive Officer of ECR, commented:
"I am delighted to welcome Christian Dennis as a director of
ECR. Christian has more than 25 years' experience advising,
financing and investing in exploration and mining companies. I know
this first hand, having worked with Christian in relation to Kryso
Resources plc, a company which I co-founded and which benefited
from Christian's support and advice as Kryso progressed from its
admission to AIM in 2004 through the achievement of numerous
development milestones at the multi-million ounce Pakrut gold mine
in Tajikistan.
Finally, on behalf of the Board, I would like to thank Dick
Watts for his service to ECR since 2012."
Additional Information Required by AIM Rule 17
Pursuant to Rule 17, Schedule Two (g) of the AIM Rules, the
following information is disclosed in respect of Christian St John
Dennis:
Current Appointments Appointments in Last Five Years
Optiva Securities Ltd Primus Resources Ltd
SB Newco 240212 Ltd
Upland (KSAR Hadada) Ltd
Upland (N Tunisia) Ltd
Upland (S Tunisia) Ltd
Upland (El Fahs) Ltd
CD Tempco Limited
CSD Consultancy Limited
Bengkulu Coal (BVI) Limited
There is no other information regarding Christian Dennis
required to be disclosed under the AIM Rules.
ABOUT ECR
ECR is a mineral exploration and development company. ECR's
wholly owned Australian subsidiary Mercator Gold Australia has
acquired 100% ownership of the Avoca and Bailieston gold projects
in Victoria, Australia. 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, and is available
for download from ECR's website.
ECR's wholly owned subsidiary Ochre Mining has a 100% interest
in 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.
FOR FURTHER INFORMATION, PLEASE CONTACT:
ECR Minerals plc Tel: +44 (0)20 7929 1010
William (Bill) Howell, Non-Executive Chairman
Craig Brown, Director & CEO
Email:
info@ecrminerals.com
Website: www.ecrminerals.com
Cairn Financial Advisers LLP Tel: +44 (0)20 7148 7900
Nominated Adviser
Emma Earl / Jo Turner
Optiva Securities Ltd Tel: +44 (0)203 137 1902
Joint Broker
Christian Dennis
Vicarage Capital Ltd Tel: +44 (0)20 3651 2910
Joint Broker
Rupert Williams / Jeremy Woodgate
Blytheweigh Tel: +44 (0)20 7138 3204
Public Relations
Tim Blythe / Camilla Horsfall
FORWARD LOOKING STATEMENTS
This announcement may include forward looking statements. Such
statements may be subject to a number of known and unknown risks,
uncertainties and other factors that could cause actual results or
events to differ materially from current expectations. There can be
no assurance that such statements will prove to be accurate and
therefore actual results and future events could differ materially
from those anticipated in such statements. Accordingly, readers
should not place undue reliance on forward looking statements. Any
forward looking statements contained herein speak only as of the
date hereof (unless stated otherwise) and, except as may be
required by applicable laws or regulations (including the AIM Rules
for Companies), the Company disclaims any obligation to update or
modify such forward looking statements as a result of new
information, future events or for any other reason.
View source version on businesswire.com:
http://www.businesswire.com/news/home/20161011006719/en/
This information is provided by Business Wire
(END) Dow Jones Newswires
October 12, 2016 02:00 ET (06:00 GMT)
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