29th Dec 2010 15:42
ECR MINERALS plc
("ECR Minerals", "ECR" or the "Company")
AIM: ECR
US OTC: MTGDY
ISSUE OF EQUITY
London: 29 December 2010 - ECR Minerals plc announces that 14,222,173 ordinary shares of the Company of 0.1p par value have been issued pursuant to the exercise of warrants and the conversion of convertible loan notes.
A total of 11,949,446 warrants were exercised at a price of 1p per share and convertible loan notes of face value £25,000 were converted based on a price of 1.1p per share.
Pursuant to this announcement application has been made for 14,222,173 Shares to be admitted to trading on AIM. Dealings are expected to commence on 6 January 2011. Following admission of these shares the Company will have a total of 486,972,812 ordinary shares in issue.
About ECR Minerals
ECR is a mineral development company with interests in the USA, Argentina, Indonesia, Thailand and Australia.
For further information please contact:
| ECR Minerals plc | ||
| Michael Silver, Chairman | Tel: +44 (0) 20 7929 1010 | |
| Patrick Harford, Managing Director | ||
| Email: [email protected] | ||
| Website: www.ecrminerals.com | ||
| Daniel Stewart & Company plc | ||
| Oliver Rigby/Tessa Smith | Tel: +44 (0) 20 7776 6550 | |
| Old Park Lane Capital plc | ||
| Forbes Cutler | Tel: +44 (0) 20 7518 2603 | |
| Barry Kaplan Associates | ||
| Larry Kaplan | Tel: +1 732 747 0702 |
Copyright Business Wire 2010
Related Shares:
ECR Minerals