Issue of Equity

 

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

 

AIM: ECR
US OTC: MTGDY

London: 15 May 2012 - ECR Minerals plc announces that it has issued and allotted a total of 13,500,168 ordinary shares of 0.1p (“Ordinary Shares”) to YA Global SPV Ltd (“YA Global”) at 0.667p per share in connection with an advance of £90,000 (the “Advance”) under the Company’s Standby Equity Distribution Agreement (SEDA) with YA Global.

The proceeds of the Advance will be used to provide working capital for the Company’s gold exploration activities in Argentina and for general corporate purposes.

Pursuant to this announcement application will be made for a total of 13,500,168 Ordinary Shares to be admitted to trading on AIM. Dealings are expected to commence on 21 May 2012. Following admission the Company will have a total of 727,409,600 Ordinary Shares in issue. The new Ordinary Shares will rank pari passu in all respects with the Ordinary Shares of the Company currently traded on AIM.

 

For further information please contact:

ECR Minerals plc
Patrick Harford, Executive Chairman
Stephen Clayson, Director & Chief Financial Officer
Email:This email address is being protected from spambots. You need JavaScript enabled to view it.
Daniel Stewart & Company plc
Paul Shackleton/Tessa Smith/David Hart Tel: +44 (0) 20 7776 6550
Old Park Lane Capital plc
Michael Parnes Tel: +44 (0) 20 7493 8188
Blythe Weigh Communications
Matthew Neal/Tim Blythe/Paul Weigh Tel: +44 (0)20 7138 3204