TIDMECR

RNS Number : 3677V

ECR Minerals PLC

01 December 2023

ECR MINERALS plc

("ECR Minerals" or the "Company")

Salary Sacrifice Share Admission and Total Voting Rights

ECR Minerals plc (LON:ECR), the exploration and development company focused on gold in Australia, is pleased to confirm that the new ordinary shares awarded to four members of the board pursuant to the salary sacrifice announced on 19 September 2023 ("Existing Directors Shares") have been issued and allotted. Each of David Tang, Andrew Scott, Trevor Davenport and Adam Jones have received 5,714,285 Existing Directors Shares in lieu of an aggregate of GBP40,000 salary. This salary sacrifice is in addition to the further salary sacrifice that was announced on 16 November 2023.

Admission and Disclosure and Transparency Rules

Application has been made for 22,857,142 Existing Directors Shares to be admitted to trading on AIM ("Admission") and it is expected that Admission will become effective on or around 4 December 2023. The Existing Directors Shares will rank pari passu with the existing ordinary shares. Upon Admission, ECR's issued ordinary share capital will comprise 1,569,083,142 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.

FOR FURTHER INFORMATION, PLEASE CONTACT:

 
ECR Minerals plc                       Tel: +44 (0) 20 7929 1010 
David Tang, Non-Executive Chairman 
 Nick Tulloch, Managing Director 
 Andrew Scott, Director 
 
Email: 
 info@ecrminerals.com 
Website: www.ecrminerals.com 
 
WH Ireland Ltd                         Tel: +44 (0) 207 220 1666 
Nominated Adviser 
 Katy Mitchell / Andrew de Andrade 
 
SI Capital Ltd                         Tel: +44 (0) 1483 413500 
Broker 
Nick Emerson 
 
Novum Securities Limited               Tel: +44 (0) 20 7399 9425 
Broker 
 Jon Belliss 
 
Brand Communications                   Tel: +44 (0) 7976 431608 
Public & Investor Relations 
Alan Green

ABOUT ECR MINERALS PLC

ECR Minerals is a mineral exploration and development company. ECR's wholly owned Australian subsidiary Mercator Gold Australia Pty Ltd ("MGA") has 100% ownership of the Bailieston and Creswick gold projects in central Victoria, Australia, has six licence applications outstanding which includes one licence application lodged in eastern Victoria (Tambo gold project).

ECR also owns 100% of an Australian subsidiary LUX Exploration Pty Ltd ("LUX") which has three approved exploration permits covering 946 km2 over a relatively unexplored area in Lolworth Range, Queensland, Australia. The Company has also submitted a license application at Kondaparinga which is approximately 120km2 in area and located within the Hodgkinson Gold Province, 80km NW of Mareeba, North Queensland.

Following the sale of the Avoca, Moormbool and Timor gold projects in Victoria, Australia to Fosterville South Exploration Ltd (TSX-V: FSX) and the subsequent spin-out of the Avoca and Timor projects to Leviathan Gold Ltd (TSX-V: LVX), Mercator Gold Australia Pty Limited has the right to receive up to A$2 million in payments subject to future resource estimation or production from projects sold to Fosterville South Exploration Limited.

ECR holds a 90% interest in the Danglay gold project; an advanced exploration project located in a prolific gold and copper mining district in the north of the Philippines, which has a 43-101 compliant resource. ECR also holds a royalty on the SLM gold project in La Rioja Province, Argentina and can potentially receive up to US$2.7 million in aggregate across all licences.

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END

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(END) Dow Jones Newswires

December 01, 2023 02:18 ET (07:18 GMT)

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