ECR MINERALS PLC - Share Issue/Capital Change 2020

National Storage Mechanism | Additional information

Block Listing Application

ECR MINERALS plc

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

BLOCK LISTING APPLICATION

ECR Minerals plc (LON: ECR), the gold exploration and development company focussed on Australia, announces that an application has been made to the London Stock Exchange for a block listing of securities in respect of 128,000,000 ordinary shares of £0.00001 each (the 'New Ordinary Shares') to be admitted to trading on AIM.

The New Ordinary Shares will be issued from time to time in order to satisfy certain warrants which may be exercised. It is expected that admission will become effective on 10 August 2020.

The block listings consist of:

28,000,000 ordinary shares in respect of the 18 July 2018 warrants exercisable at 1.125 pence per share, the “30 July 2018 Subscription Warrants Scheme”;
50,000,000 ordinary shares in respect of the 17 December 2018 warrants exercisable at 1.125 pence per share, the “21 December 2018 Subscription Warrants Scheme”; and
50,000,000 ordinary shares in respect of the 6 April 2020 warrants exercisable at 1 pence per share, the “20 April 2020 Subscription Warrants Scheme”.

For the avoidance of doubt these applications are not applications to list the warrants themselves on any regulated market but merely an administrative measure to ensure that the Company does not need to make multiple applications for admission of ordinary shares to trading on each separate occasion when the existing warrants are exercised by holders. The warrants remain in uncertificated form and there are no changes to the terms and conditions of the warrants.

Following the Block Admission, the Company's issued share capital will remain unchanged at 640,953,913 ordinary shares. The Company will make six-monthly announcements of the utilisation of the Block Admission, in line with its obligations under AIM Rule 29.

When issued, the New Ordinary Shares will be credited as fully paid and will rank pari passu in all respects with the existing ordinary shares of £0.00001 each in the capital of the Company ('Ordinary Shares').

FOR FURTHER INFORMATION, PLEASE CONTACT:


ECR Minerals plc		Tel: +44 (0)20 7929 1010
David Tang, Non-Executive Chairman
Craig Brown, Director & CEO
Email: [email protected]
Website: www.ecrminerals.com

WH Ireland Ltd		Tel: +44 (0)161 832 2174
Nominated Adviser
Katy Mitchell/James Sinclair-Ford

SI Capital Ltd		Tel: +44 (0)1483 413500
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.