Issue of Equity

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

 

ECR Minerals plc announces that it has issued and allotted in aggregate a total of 5,988,730 ordinary shares of 0.1 pence (“New Ordinary Shares”). The New Ordinary Shares have been issued pursuant to the following events:

  • conversion of two convertible loan notes of nominal value £5,000 each at 1.1p per share;
  • the exercise of 4,500,000 warrants exercisable at a price of 1p per share; and
  • the payment in shares at 1.075p per share of convertible loan note interest totalling £6,239.73.

Pursuant to this announcement application has been made for the New Ordinary Shares to be admitted to trading on AIM. Dealings are expected to commence on 10 June 2011.

Following admission of the New Ordinary Shares, the Company will have a total of 543,050,953 ordinary shares of 0.1 pence in issue with each share carrying the right to one vote. The Company has no ordinary shares held in treasury. The total of 543,050,953 ordinary shares may therefore be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FSA’s Disclosure and Transparency Rules.

About ECR Minerals

ECR is a mineral development company with interests in the USA, Argentina, Indonesia, Thailand and Australia.

 

For further information please contact:

ECR Minerals plc
Michael Silver, Chairman Tel: +44 (0) 20 7929 1010
Patrick Harford, Managing Director
Stephen Clayson, Chief Financial Officer
Email:This email address is being protected from spambots. You need JavaScript enabled to view it.
Daniel Stewart & Company plc
Oliver Rigby/Tessa Smith Tel: +44 (0) 20 7776 6550
Old Park Lane Capital plc
Michael Parnes Tel: +44 (0) 20 7518 2603
Blythe Weigh Communications
Ana Ribeiro Tel: +44 (0)20 7138 3204
Barry Kaplan Associates
Larry Kaplan Tel: +1 732 747 0702