Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

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

ECR MINERALS PLC
Mes dernières consult.
Most popular
Report
SummaryNewsCalendarCompanyFinancials 
News SummaryMost relevantAll newsSector newsTweets

ECR Minerals PLC : Financing Update

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

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
Latest news on ECR MINERALS PLC
12/11 ECR MINERALS : Fifteen High Priority Targets Identified Within ECR’s Victo..
09/22 ECR MINERALS : Planned Gold Exploration in Victoria, Australia
08/30 ECR MINERALS : Change of Advisor
08/09 ECR MINERALS : Change of Adviser
08/09 ECR MINERALS : Directorate Change
08/05 ECR MINERALS : Appoints Former China Nonferrous Director As Chairman
07/24 ECR MINERALS : Drill Results, Bailieston Gold Project, Australia
07/24 ECR MINERALS : Drill Results - Bailieston Gold Project, Australia
07/19 ECR MINERALS : New Australian Gold Exploration Licence Issued
07/18 ECR MINERALS : New Australian Gold Exploration Licence Issued
More news
Technical analysis trends ECR MINERALS PLC
Short TermMid-TermLong Term
TrendsNeutralBearishBearish
Income Statement Evolution
Managers
NameTitle
Craig William Brown CEO, Director & Finance Director
Wei Li Tang Non-Executive Chairman
Christian Dennis Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
ECR MINERALS PLC4
NEWMONT MINING CORP5.17%18 880
SAUDI ARABIAN MINING COMPANY (MA'ADEN)--.--%16 609
BARRICK GOLD CORP-18.65%15 955
NEWCREST MINING LIMITED13.83%13 126
POLYUS PAO--.--%10 655