Business
Receipt of Gross Proceeds
Receipt of Gross Proceeds.
About this update from Ecr Minerals Plc
[{"type":"text","content":"\n\n \n \n \n Receipt of Gross Proceeds\n \n \n\n \n ECR Minerals plc\n \n \n\n \n \n \n AIM: ECRUS OTC: MTGDY\n \n ECR MINERALS plc(“ECR Minerals”, “ECR” or the “Company”)\n \n RECEIPT OF GROSS PROCEEDS\n \n \n LONDON: 31 MAY 2017 - Further to the announcements dated 27 \n February 2017 and 15 May 2017 in respect of the Subscription \n (“Subscription Announcements”), the directors of ECR Minerals plc are \n pleased to announce that the Company has now received the full amount of \n the Gross Proceeds of £553,564 from Shenyang Xinliaoan Machinery Co Ltd.\n \n \n Capitalised terms used, but not otherwise defined in this announcement \n shall have the same meanings as set out in the Subscription \n Announcements.\n \n \n Completion of the Subscription and the issue of the Subscription Shares \n and associated Investor Warrants remains conditional upon the relevant \n parties entering into a relationship agreement. A further announcement \n will be issued regarding completion of the Subscription in due course.\n \n \n ABOUT ECR\n \n \n ECR is a mineral exploration and development company. ECR’s wholly owned \n Australian subsidiary Mercator Gold Australia has 100% ownership of the \n Avoca, Bailieston and Timor gold projects in Victoria, Australia. ECR \n has earned a 25% interest in the Danglay epithermal gold project, an \n advanced exploration project located in a prolific gold and copper \n mining district in the north of the Philippines. An NI43-101 technical \n report was completed in respect of the Danglay project in December 2015, \n and is available for download from ECR’s website.\n \n \n ECR’s wholly owned subsidiary Ochre Mining has a 100% interest in the \n SLM gold project in La Rioja, Argentina. Exploration at SLM has focused \n on identifying small tonnage mesothermal gold deposits which may be \n suitable for relatively near term production.\n \n \n Market Abuse Regulations (EU) No. 596/2014\n \n \n The information contained within this announcement is deemed by the \n Company to constitute inside information as stipulated under the Market \n Abuse Regulations (EU) No. 596/2014 (MAR). Upon the publication of this \n announcement via Regulatory Information Service (RIS), this inside \n information is now considered to be in the public domain.\n \n \n FOR FURTHER INFORMATION, PLEASE CONTACT:\n \n \n \n \n ECR Mineral...