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ECR Minerals plc UK Regulatory Announcement: Payment to GoldOz PL




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

Payment to GoldOz PL

ECR Minerals plc (LON: ECR), the gold focused exploration and development company in Australia, is pleased to announce that it will issue A$120,000 of fees to GoldOz PL to cover all fees payable as an advisor in connection with the recent option agreement and the potential acquisition of Placer Gold Pty Limited as announced on 27 October 2022. This fee is to be satisfied by a payment of A$60,000 in cash and A$60,000 in shares through the issue of 3,272,608 shares per price of 1.03p calculated with reference to the 30-day VWAP.

An application has been submitted for the shares to be admitted to trading on the AIM (“Admission”). Admission is expected to take place on or about November 28, 2022. Upon admission, the common share capital issued by ECR will comprise 1,067,737,159 ordinary shares of 0.001p. This number will represent the total number of voting rights in the Company and, following Admission, may be used by shareholders as the denominator for the calculation by which they will be able to determine whether they are required to disclose their holding or modification of their holding in the Company subject to the disclosure and transparency rules of the Financial Conduct Authority. The shares will rank in all respects pari passu with the Company’s common stock currently traded on the AIM.


ECR minerals plc

Telephone: +44 (0) 20 7929 1010

David Tang, Non-Executive Chairman

Andrew Haythorpe, managing director



WH Ireland Ltd

Telephone: +44 (0) 207 220 1666

Designated advisor

Katy Mitchell/Andrew de Andrade

SI Capital Ltd

Telephone: +44 (0) 1483 413500


Nick Emerson

Novum Titles Limited

Telephone: +44 (0) 20 7399 9425


Jon Belliss

Brand communications

Telephone: +44 (0) 7976 431608

Public and investor relations

Alan Green


ECR Minerals is a mineral exploration and development company. ECR’s wholly owned Australian subsidiary, Mercator Gold Australia Pty Ltd (“MGA”), owns 100% of the Bailieston and Creswick gold projects in Central Victoria, Australia, has six pending license applications, including one license filed in Eastern Victoria. (Tambo Gold Project). MGA is currently drilling at Bailieston Blue Moon Project (EL5433) and undertaking geochemical exploration on Project Creswick (EL6148) and has an experienced exploration team with significant local knowledge in the Victoria Goldfields and wider region.

ECR also owns 100% of an Australian subsidiary LUX Exploration Pty Ltd (“LUX”) which has three exploration permits approved covering 946km2 over a relatively unexplored area in Queensland, Australia.

Following the sale of the Avoca, Moormbool and Timor gold projects in Victoria, Australia to Fosterville South Exploration Ltd (TSX-V: FSX) and the subsequent spin-out of the Avoca and Timor projects to Leviathan Gold Ltd (TSX-V: LVX) , Mercator Gold Australia Pty Limited is entitled to receive up to A$2 million in payments subject to future resource estimation or production from projects sold to Fosterville South Exploration Limited.

ECR holds a 70% stake in the Danglay Gold project; an advanced exploration project located in a prolific gold and copper mining district in the northern Philippines, which has a 43-101 compliant asset. ECR also holds a royalty on the SLM Gold project in the province of La Rioja, Argentina and has the potential to receive up to $2.7 million in total for all licenses.

Category: MSCM

Sequence number: 1029502

Reception time (offset from UTC): 20221123T072046+0000


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Written by Natalia Chi

Chicago Popular; Chicago breaking news, weather and live video. Covering local politics, health, traffic and sports for Chicago, the suburbs and northwest Indiana.

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