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ECR Minerals ( (GB:ECR) ) just unveiled an update.
ECR Minerals PLC has updated the market on its total voting rights and directors’ shareholdings following the admission to AIM of 599,999,991 new ordinary shares, bringing its issued share capital to 3,290,888,016 ordinary shares with one voting right each. The enlarged share base reduces the directors’ percentage holdings, notably chairman Nick Tulloch’s stake from 3.21% to 2.63%, and provides a new denominator for investors assessing disclosure thresholds under UK transparency rules, clarifying the company’s ownership structure for existing and prospective shareholders.
More about ECR Minerals
ECR Minerals PLC is a mineral exploration and development company focused on gold projects in Australia, operating through three wholly owned subsidiaries: ECR Minerals (Australia) Pty Ltd, ECR Minerals (Queensland) Pty Ltd and Raglan Resources Pty Ltd. Its portfolio includes the Bailieston, Creswick and Tambo gold projects in Victoria, the Raglan and Blue Mountain alluvial gold projects in Queensland, as well as exploration permits in the Lolworth Range and a licence application at Kondaparinga in the Hodgkinson Gold Province. The company also retains contingent payment rights of up to A$2 million from previously sold Victorian projects and holds approximately A$76 million in unutilised tax losses from past operations.
Average Trading Volume: 35,730,595
Technical Sentiment Signal: Hold
Current Market Cap: £7.53M
For a thorough assessment of ECR stock, go to TipRanks’ Stock Analysis page.