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An update from ECR Minerals ( (GB:ECR) ) is now available.
ECR Minerals has announced the issuance of new ordinary shares as part of its remuneration policy, where directors and consultants are partially paid through shares. A total of 28,980,435 new shares will be issued, with directors and consultants receiving shares in lieu of accrued remuneration. This move is expected to impact the company’s share capital and voting rights, with the new shares being admitted to trading on AIM. The issuance aligns with the company’s strategy to manage its financial obligations while maintaining focus on its gold exploration projects in Australia.
More about ECR Minerals
ECR Minerals is a mineral exploration and development company operating through two wholly owned Australian subsidiaries, ECR Minerals (Australia) Pty Ltd and ECR Minerals (Queensland) Pty Ltd. The company focuses on gold projects in Australia, owning several projects in Victoria and Queensland, including the Bailieston, Creswick, and Tambo gold projects. ECR Queensland is working to bring the Blue Mountain alluvial gold project into production and has exploration permits in the Lolworth Range and a licence application at Kondaparinga.
Average Trading Volume: 35,209,945
Technical Sentiment Signal: Strong Sell
Current Market Cap: £5.82M
For detailed information about ECR stock, go to TipRanks’ Stock Analysis page.