Log in
Login
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

4-Traders Homepage  >  Equities  >  London Stock Exchange  >  ECR Minerals PLC    ECR   GB00B0P4LQ95

Delayed Quote. Delayed  - 04/29 03:11:34 pm
0.0229 GBp   +1.78%
04/27 ECR MINERALS : Outlines Plans For Avoca, Bailieston Gold Projects
04/27 ECR MINERALS : Planned Activities at Avoca and Bailieston Gold Proje..
04/20 ECR MINERALS : Says Technical Report Published For Australia Project..
SummaryQuotesChartsNewsCalendarCompanyFinancials 
News SummaryMost relevantAll newsSector news 

ECR Minerals PLC : Financing Update

share with twitter share with LinkedIn share with facebook
share via e-mail
0
11/23/2012 | 06:52pm CEST

ECR MINERALS plc
("ECR Minerals", "ECR" or the "Company")

AIM: ECR

US OTC: MTGDY

London: 23 November 2012 - ECR Minerals plc announces the issue and allotment of 47,702,099 ordinary shares of 0.1p ("Ordinary Shares") at 0.33542p per share in connection with an advance of GBP160,000 (the "Advance") under the Company's Standby Equity Distribution Agreement (SEDA) with YA Global Master SPV Ltd ("YA Global").

The proceeds of the Advance will be used in partial repayment of the loan received by ECR from YA Global in August 2012 and for general working capital purposes. The Company continues to pursue the crystallisation of value from investment positions and the disposal of non-core assets, and hopes to be in a position to provide further updates shortly.

Pursuant to this announcement application has been made for a total of 47,702,099 new Ordinary Shares to be admitted to trading on AIM. Dealings are expected to commence on 28 November 2012. Following the issue and allotment of the new Ordinary Shares the Company will have a total of 986,705,534 Ordinary Shares in issue. The new Ordinary Shares will rank pari passu in all respects with the Ordinary Shares of the Company currently traded on AIM.

About ECR Minerals plc

ECR is a mineral development company with 100% ownership of the Sierra de las Minas gold project in La Rioja Province, Argentina; a 21% fully diluted stake in THEMAC Resources Group Ltd (TSX-V: MAC), which is focused on the development of the Copper Flat copper-molybdenum-gold-silver porphyry deposit in New Mexico, USA to production; and stakes in West Wits Mining Ltd (ASX: WWI) and Paniai Gold Ltd (unquoted), both of which have interests in the Derewo River alluvial gold mining and exploration project in Papua, Indonesia.


For further information please contact:
ECR Minerals plc
Keith Irons, Non-Executive Chairman Tel: +44 (0)20 7929 1010
Stephen Clayson, Director & Chief Financial Officer
Email: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
Website: www.ecrminerals.com
Daniel Stewart & Company plc
Paul Shackleton/David Hart Tel: +44 (0)20 7776 6550


distributed by
share with twitter share with LinkedIn share with facebook
share via e-mail
0
React to this article
Latest news on ECR MINERALS PLC
04/27 ECR MINERALS : Outlines Plans For Avoca, Bailieston Gold Projects
04/27 ECR MINERALS : Planned Activities at Avoca and Bailieston Gold Projects, Austral..
04/20 ECR MINERALS : Says Technical Report Published For Australia Projects
04/20 ECR MINERALS : Competent Person's Report for Avoca and Bailieston Gold Projects,..
04/02 ECR MINERALS : Conversion of Loan
03/29 ECR MINERALS : Update on Availability of JORC Report and Communications Update
03/11 ECR MINERALS : US$600,000 Convertible Loan Issue and Amendment of Warrants
03/07 ECR MINERALS : Reports Narrowed Loss In 2015 After Costs Fall
03/07 ECR MINERALS : Audited Financial Statements for Year Ended 30 September 2015 and..
03/03 ECR MINERALS : Acquisition of Avoca and Bailieston Gold Projects by Mercator Gol..
Advertisement
News chart
Full-screen chart
Income Statement Evolution
More Financials