Exercise of Warrants & Options

Exercise of Warrants & Options

ECR Minerals plc

23 December 2020

ECR MINERALS plc

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

EXERCISE OF WARRANTS & OPTIONS

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

Exercise of warrants (“Warrant Shares”)

ECR has received notice to exercise warrants over 16,597,647 new ordinary shares in the Company (“Warrant Shares”). Of this number, 10,071,429 new ordinary shares are being issued pursuant to the exercise of warrants at 1.125p per share, and 6,526,218 new ordinary shares pursuant to the exercise of warrants at 2.1p per share. Aggregate subscription monies of £250,354.16 have been received by ECR in respect of the exercise of these warrants

Exercise of options (“Option Shares”)

In addition, notices to exercise options over 1,000,000 shares (“Option Shares”) at 1.125 pence has been received. Funds of £11,250 have been received by the Company in relation to these Option Shares.

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 30 December 2020. Upon Admission, ECR’s issued ordinary share capital will comprise 667,747,951 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.

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:

ECR Minerals plc		Tel: [phone]
David Tang, Non-Executive Chairman
Craig Brown, Director & CEO
Email: [e-mail]
Website: www.ecrminerals.com
WH Ireland Ltd		Tel: [phone]
Nominated Adviser
Katy Mitchell/James Sinclair-Ford
SI Capital Ltd		Tel: [phone]
Broker
Nick Emerson

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 Victoria, Australia to Fosterville South Exploration Ltd (TSX-V: FSX), ECR has the right to receive up to A$2 million in payments subject to future resource estimation or production at those projects.

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 the Philippines, and holds a royalty on the SLM gold project in La Rioja Province, Argentina.

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