ECR is a mineral exploration and development company, incorporated in the UK.

ECR’s wholly owned Australian subsidiary Mercator Gold Australia (MGA) has agreed to acquire 100% ownership of the Avoca and Bailieston gold projects in Victoria, Australia. Mercator Gold Australia is estimated to have tax losses of approximately AUD 66M as at 30 June 2015, which may be available, subject to certain conditions (as described in ECR’s announcement dated 4 December 2014), to reduce MGA’s future taxable profits.

ECR has the right to earn a 50% interest in the Danglay epithermal gold project in the Philippines. Danglay is an advanced exploration project located in a prolific gold and copper mining district in the north of the Philippines. An NI43-101 technical report was completed in respect of the Danglay project in December 2015, and is available for download from ECR’s website.

ECR’s wholly owned subsidiary Ochre Mining has a 100% interest in the SLM gold project in La Rioja Province, Argentina. Exploration at SLM has focused on identifying small tonnage mesothermal gold deposits which may be suitable for relatively near term production.

 

ECR shares are listed on the AIM market of the London Stock Exchange with the symbol ECR.

AIM: ECR

US OTC: MTGDY

 

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

 

 

 

LONDON: 7 MARCH 2017 - The Company announces that it has received the following notifications from PDMR’s of dealings in the Company’s ordinary shares, all of which related to the issue of shares announced on 27 February 2017 for which Admission to trading on AIM occurred on 6 March 2017.  The notifications set out below are provided in accordance with the requirements of the EU Market Abuse Regulation.

 

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 & Director

b)

Initial notification/ Amendment

Initial Notification

3

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

a)

Name

ECR Minerals Plc

b)

LEI

N/A

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

Ordinary shares of 0.001p each

 

 

Identification code

GB00BYYDKX57

 

   

 

 

b)

Nature of the transactions

Issue of Ordinary Shares

c)

Price(s) and volume(s)

 

Price(s)

Volume(s)

 

1.00 p

 1,549,271

 

d)

Aggregated information

 

-     Aggregated volume

1,549,271

-     Price

1.00 p

e)

Date of the transaction

6 March 2017

f)

Place of the transaction

London Stock Exchange, AIM

             

 

  

 

1

Details of the person discharging managerial responsibilities/person closely associated

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Ivor Jones

2

Reason for the notification

a)

Position/status

Chief Operating Officer & Director

b)

Initial notification/ Amendment

Initial Notification

3

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

a)

Name

ECR Minerals Plc

b)

LEI

N/A

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

Ordinary shares of 0.001p each

 

 

Identification code

GB00BYYDKX57

 

   

 

 

b)

Nature of the transactions

Issue of Ordinary Shares

c)

Price(s) and volume(s)

 

Price(s)

Volume(s)

 

1.00 p

 1,000,000

 

d)

Aggregated information

 

-     Aggregated volume

1,000,000

-     Price

1.00 p

e)

Date of the transaction

6 March 2017

f)

Place of the transaction

London Stock Exchange, AIM

             

 


 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

William Howell

2

Reason for the notification

a)

Position/status

Non-executive Chairman

b)

Initial notification/ Amendment

Initial Notification

3

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

a)

Name

ECR Minerals Plc

b)

LEI

N/A

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

Ordinary shares of 0.001p each

 

 

Identification code

GB00BYYDKX57

 

   

 

 

b)

Nature of the transactions

Issue of Ordinary Shares

c)

Price(s) and volume(s)

 

Price(s)

Volume(s)

 

1.00 p

1,500,000

 

d)

Aggregated information

 

-     Aggregated volume

1,500,000

-     Price

1.00 p

e)

Date of the transaction

6 March 2017

f)

Place of the transaction

London Stock Exchange, AIM

             

 

 

ABOUT ECR

ECR is a mineral exploration and development company.  ECR’s wholly owned Australian subsidiary Mercator Gold Australia has acquired 100% ownership rights in respect of the Avoca and Bailieston gold projects in Victoria, Australia.  ECR has earned a 25% interest in the Danglay epithermal gold project, an advanced exploration project located in a prolific gold and copper mining district in the north of the Philippines.  An NI43-101 technical report was completed in respect of the Danglay project in December 2015, and is available for download from ECR’s website. 

 

ECR’s wholly owned subsidiary Ochre Mining has a 100% interest in the SLM gold project in La Rioja, Argentina.  Exploration at SLM has focused on identifying small tonnage mesothermal gold deposits which may be suitable for relatively near term production.

 

 

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: +44 (0)20 7929 1010

William (Bill) Howell, Non-Executive Chairman

 

Craig Brown, Director & CEO

Ivor Jones, Director & COO

 

 

 

Email:  This email address is being protected from spambots. You need JavaScript enabled to view it.

 

Website:  www.ecrminerals.com

 

 

 

Cairn Financial Advisers LLP

Tel: +44 (0)20 7213 0880

Nominated Adviser

 

Emma Earl / Jo Turner

 

 

 

Optiva Securities Ltd

Tel: +44 (0)203 137 1902

Broker

 

Graeme Dickson

 

 

 

FlowComms

Tel: +44 (0)7891 677 441

Investor Relations

 

Sasha Sethi

 

 

 

Blytheweigh

Tel: +44 (0)20 7138 3204

Public Relations

 

Tim Blythe / Camilla Horsfall / Nick Elwes

 

 

 

 

 

 

FORWARD LOOKING STATEMENTS

This announcement may include forward looking statements.  Such statements may be subject to numerous known and unknown risks, uncertainties and other factors that could cause actual results or events to differ materially from current expectations.  There can be no assurance that such statements will prove to be accurate and therefore actual results and future events could differ materially from those anticipated in such statements.  Accordingly, readers should not place undue reliance on forward looking statements.  Any forward-looking statements contained herein speak only as of the date hereof (unless stated otherwise) and, except as may be required by applicable laws or regulations (including the AIM Rules for Companies), the Company disclaims any obligation to update or modify such forward-looking statements because of new information, future events or for any other reason.