Business
Exercise of Warrants & Options
Exercise of Warrants & Options.
About this update from Ecr Minerals Plc
[{"type":"text","content":"\n \nExercise of Warrants & Options\n\nECR Minerals plc\n\n \n\n \n5 January 2021\n\n \n ECR MINERALS plc\n \n \n(“ECR Minerals”, “ECR” or the “Company”)\n\n \n EXERCISE OF WARRANTS & OPTIONS\n \n \nECR Minerals plc (LON: ECR), the gold exploration and development company focussed on Australia, is pleased to announce the following.\n\n \n Exercise of warrants (“Warrant Shares”)\n \n \nECR has received notice to exercise warrants over 8,761,905 new ordinary shares in the Company (“Warrant Shares”) at 1.125p per share. Aggregate subscription monies of £98,571.43 have been received by ECR in respect of the exercise of these warrants\n\n \n Exercise of options (“Option Shares”)\n \n \nIn addition, notices to exercise options over 2,000,000 shares (“Option Shares”) at 1.125 pence has been received. Funds of £22,500 have been received by the Company in relation to these Option Shares.\n\n \n Admission of shares\n \n \nApplication has been made for the Option Shares and the Warrant Shares to be admitted to trading on AIM (“Admission”). Admission is expected to occur on or around 8 January 2021. Upon Admission, ECR’s issued ordinary share capital will comprise 684,509,856 ordinary shares of 0.001p. This number will represent the total voting rights in the Company, and following Admission may be used by shareholders as the denominator for the calculation by which they can determine if they are required to notify their interest in, or a change to their interest in, the Company under the Financial Conduct Authority’s Disclosure and Transparency Rules. The Option Shares and the Warrant Shares will rank pari passu in all respects with the ordinary shares of the Company currently traded on AIM.\n\n \n MARKET ABUSE REGULATIONS (EU) No. 596/2014 \n \n \nThe 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.\n\n \n FOR FURTHER INFORMATION, PLEASE CONTACT: \n \n \n \n \n \nECR Minerals plc\n\n \n \n \n \n\n \n \n \nTel: +44 (0)20 7929 1010\n\n \n \n \n \n\n \n \n \n \n \nDavid Tang, Non-Executive Chairman\n\n \n \n \n \n\n \n \n \n \n\n ...