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viewECR Minerals PLC

Exercise of Warrants by Director

--(BUSINESS WIRE)--  LONDON

16 December 2020

ECR MINERALS plc

(“ECR Minerals”, “ECR” or the “Company”)

EXERCISE OF WARRANTS BY DIRECTOR

EXERCISE OF SHARE OPTIONS

ISSUE OF SHARE OPTIONS

ECR Minerals plc (LON: ECR), the gold exploration and development company focussed on , is pleased to announce the following.Australia

Exercise of warrants (“Warrant Shares”)

ECR has received notice from , director & CEO of the Company, to exercise warrants over 1,428,571 new ordinary shares at in the Company. Following such exercise will hold 4,406,413 ordinary shares representing approximately 0.68% of the Company’s enlarged issued share capital.Craig BrownCraig Brown1.125 pence

Notice from another party to exercise warrants over a further 2,767,820 new ordinary shares at an exercise price of 1 penny in the Company has also been received.

Funds totalling £43,749.62 have been received by the Company in relation to these Warrant Shares.

Exercise of options (“Option Shares”)

In addition, notices to exercise options over 5,000,000 shares (“Option Shares”) at has been received. Funds of £56,250 have been received by the Company in relation to these Option Shares.1.125 pence

Issue of options

Further to its announcements dated and , the Company has allocated an aggregate of 13,200,000 share options (“Options”) from the management and consultant option pool to certain key management and staff, including 10,000,000 options which have been issued to , director & CEO of the Company as part of his normal remuneration and in recognition of his contribution to the Company. This completes the allocation of options from the management and consultant option pool announced in . The Options have been issued with an exercise price of per share.11 July 201823 October 2020July 2018Craig Brown1.125 pence

Admission of shares

Application has been made for the Option Shares and the Warrant Shares to be admitted to trading on AIM (“Admission”). Admission is expected to occur on or around . Upon Admission, ECR’s issued ordinary share capital will comprise 650,150,304 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 Option Shares and the Warrant Shares will rank pari passu in all respects with the ordinary shares of the Company currently traded on AIM.22 December 2020

MARKET ABUSE REGULATIONS (EU) No. 596/2014

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 (MAR). Upon the publication of this announcement via Regulatory Information Service (RIS), this inside information is now considered to be in the public domain.

FOR FURTHER INFORMATION, PLEASE CONTACT:

ABOUT ECR MINERALS PLC

ECR is a mineral exploration and development company. ECR’s wholly owned Australian subsidiary Mercator Gold Australia Pty Ltd has 100% ownership of the Bailieston and Creswick gold projects in central .Victoria, Australia

Following the sale of the Avoca, Moormbool and Timor gold projects in to Fosterville South Exploration Ltd (TSX-V: FSX), ECR has the right to receive up to in payments subject to future resource estimation or production at those projects.Victoria, AustraliaA$2 million

ECR has earned a 25% interest in the Danglay gold project, an advanced exploration project located in a prolific gold and copper mining district in the north of , and holds a royalty on the SLM gold project in , .the PhilippinesLa Rioja ProvinceArgentina

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM

 

ECR Minerals plc

Source: ECR Minerals plc

ECR Minerals plc

 

Tel: +44 (0)20 7929 1010

, Non-Executive ChairmanDavid Tang

, Director & CEOCraig Brown

Email:

info@ecrminerals.com

Website:www.ecrminerals.com

 

WH Ireland Ltd

Tel: +44 (0)161 832 2174

Nominated Adviser

/Katy MitchellJames Sinclair-Ford

 

SI Capital Ltd

 

Tel: +44 (0)1483 413500

 

Broker

 

 

 

Nick Emerson

 

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Craig Brown

2

Reason for the notification

a)

Position/status

Chief Executive Officer

b)

Initial notification/ Amendment

Initial

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

ECR Minerals PLC

b)

LEI

213800PBXY96KXHISJ17

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

 

Identification code

 

 

Ordinary Shares

 

GB00BYYDKX57

b)

Nature of the transaction

  1. Exercise of Warrants
  2. Issue of Options

c)

Price(s) and volume(s)

Price(s) Volume(s)

(a) GBP£0.01125 (a) 1,428,571

 

(a) GBP£0.01125 (b) 10,000,000

d)

Aggregated information

- Aggregated volume

- Price

 

  1. 1,428,571 shares
  1. GBP£0.01125
  2. 10,000,000 shares (options)
  1. GBP£0.01125

e)

Date of the transaction

16/12/2020

f)

Place of the transaction

, off marketLondon

Quick facts: ECR Minerals PLC

Price: -

Market: AIM
Market Cap: -
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