Key Developments: ECR Minerals PLC (ECRE.L)

ECRE.L on London Stock Exchange

0.20GBp
31 Oct 2014
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Latest Key Developments (Source: Significant Developments)

ECR Minerals announces commencement of drilling
Monday, 14 Apr 2014 09:22am EDT 

ECR Minerals PLC:Says drilling commences at Itogon gold-silver project in Philippines on April 12.Completion of this phase of drilling is expected by the end of April 2014.  Full Article

ECR Minerals PLC Announces Renewal of Exploration Permit for Itogon Gold-Silver Project
Friday, 22 Nov 2013 03:51am EST 

ECR Minerals PLC announced that the exploration permit pertaining to the Itogon gold-silver project in the Philippines held by Cordillera Tiger Gold Resources Inc. (“Cordillera Tiger”) has been renewed for a period of two years from October 1, 2013. ECR has the right to earn a 50% interest in the Itogon project.  Full Article

ECR Minerals PLC Announces Exercise Of Warrants
Tuesday, 10 Sep 2013 02:00am EDT 

ECR Minerals PLC announced the issue and allotment of 12,500,000 new ordinary shares of the Company at a price of 0.2p per share pursuant to the exercise of 12,500,000 share purchase warrants previously granted by the Company in connection with the redemption of convertible loan notes. Subscription monies of £25,000 have been received by ECR in respect of the exercise of the warrants. Pursuant to this announcement, application has been made for a total of 12,500,000 new ordinary shares of the Company to be admitted to trading on AIM. This is expected to occur on September 13, 2013. Following admission, ECR`s issued ordinary share capital will consist of 2,921,629,313 ordinary shares.  Full Article

ECR Minerals PLC Announces Exercise Of Warrants
Friday, 6 Sep 2013 02:00am EDT 

ECR Minerals PLC announced the issue and allotment of 25,000,000 new ordinary shares of the Company at a price of 0.2 pence per share pursuant to the exercise of 25,000,000 Warrants. Subscription monies of GBP50,000 have been received by ECR in respect of the exercise of the Warrants. Pursuant to this announcement, application has been made for a total of 25,000,000 new ordinary shares of the Company to be admitted to trading on AIM. This is expected to occur on September 11, 2013. Following admission, ECR`s issued ordinary share capital will consist of 2,909,129,313 ordinary shares. The new ordinary shares will rank pari passu in all respects with the ordinary shares of the Company currently traded on AIM.  Full Article

ECR Minerals PLC Announces Placing To Raise GBP450,000
Wednesday, 12 Jun 2013 02:00am EDT 

ECR Minerals plc announced that the placing of 450,000,000 new ordinary shares of GBP0.001 each at a placing price of GBP0.001 each to raise GBP450,000 before expenses. The Placing is conditional, inter alia, on the admission of the Placing Shares to AIM. Daniel Stewart & Company plc, ECR's AIM nominated adviser and broker, acted for the Company in the Placing. The combined proceeds of the Placing and the placing announced on May 22, 2013 will be employed to meet costs incurred in pursuit of these objectives and for general corporate purposes.  Full Article

ECR Minerals PLC Announces Placing To Raise GBP400,000
Wednesday, 22 May 2013 02:00am EDT 

ECR Minerals PLC announced the placing (the Placing) of 400,000,000 new ordinary shares of GBP0.001 each at a placing price of GBP0.001 each (the Placing Shares) to raise GBP400,000 before expenses. Additionally, the Company is issuing 157,473,000 new ordinary shares at a price of GBP0.001 to creditors of ECR to settle certain existing and future obligations of the Company (the Conversion Shares) totalling GBP157,473. Of these Conversion Shares, 114,904,000 new ordinary shares are being issued to YA Global Master SPV Ltd (YA) in settlement of repayments due to YA in May and June 2013 pursuant to the loan of USD1 million received from YA in August 2012. Finally, the Company is issuing a total of 46,663,200 new ordinary shares at a price of GBP0.001 each to the directors of ECR in lieu of unpaid fees totalling GBP46,663.20 accrued since late 2012 (the Director Shares).  Full Article

ECR Minerals PLC Does Not Recommend Dividend
Thursday, 7 Mar 2013 02:57am EST 

ECR Minerals PLC announced that no dividend is proposed in respect of the year (2011: nil).  Full Article

ECR Minerals PLC Announces Completion Of Gold Crest Sale
Monday, 11 Feb 2013 11:14am EST 

ECR Minerals PLC announced that the sale of the Company`s 70% shareholding in Gold Crest Holdings Ltd (Gold Crest) to Mr Steve Iliev has completed. Gold Crest is a holding company for the ACS Asia manufacturing business in Thailand.  Full Article

ECR Minerals PLC Announces Resignation Of Chairman
Thursday, 31 Jan 2013 04:51am EST 

ECR Minerals PLC announced that Keith Irons, Non-Executive Chairman has resigned as a Director of the Company effective immediately. Paul Johnson, previously Non-Executive Director, has replaced Mr Irons as Non-Executive Chairman. In addition, and with immediate effect, Stephen Clayson, previously Chief Operating Officer, has been appointed Chief Executive Officer of ECR and Richard Watts, an experienced mining engineer, has been designated the Company's Non-Executive Technical Director.  Full Article

ECR Minerals PLC Announces Disposal Of Interest In Gold Crest And Its Subsidiary, ACS
Monday, 24 Dec 2012 02:00am EST 

ECR Minerals PLC announced that further to its announcement of November 15, 2012, the Company has agreed to dispose of its entire holding in Gold Crest, conditional upon, inter alia, Shareholder approval. Accordingly, on December 27, 2012 a circular will be dispatched to Shareholders. The Group's core operations are in the mineral sector and consist of exploration assets which do not currently produce any sales revenue or profits. Pursuant to the Sale Agreement, the Company has conditionally agreed with Steve Iliev, an Australian citizen resident in Belgrade, Serbia, for Mr Iliev to acquire ECR's 70% shareholding in Gold Crest, thereby gaining control of ACS, for an aggregate consideration of approximately GBP373,145. When the Company acquired its shareholding in Gold Crest in February 2009, the metal fabrication business in ACS was performing well and the Board believed it would provide some stability and positive cash flow with which to support the Company in rebuilding itself after the collapse in October 2008 of its Meekatharra gold project into administration. Initially ACS provided a contribution to ECR's Group overheads. However, shortly after the investment, the trading performance of ACS began to deteriorate and the business was further burdened as cash flow from its operations was used to fund deferred payments due to its former owners in respect of its acquisition by Gold Crest.  Full Article

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