PDMR Dealings

LONDON--()--

AIM: ECR

US OTC: MTGDY

ECR MINERALS plc

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

PDMR Dealings

LONDON: 7 MARCH 2017 - The Company announces that it has received the following notifications from PDMR’s of dealings in the Company’s ordinary shares, all of which related to the issue of shares announced on 27 February 2017 for which Admission to trading on AIM occurred on 6 March 2017. The notifications set out below are provided in accordance with the requirements of the EU Market Abuse Regulation.

1   Details of the person discharging managerial responsibilities/person closely associated
a) Name   Craig Brown
2 Reason for the notification
a) Position/status Chief Executive Officer & Director
b) Initial notification/ Amendment Initial Notification
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a) Name ECR Minerals Plc
b) LEI N/A
4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a) Description of the financial instrument, type of instrument Ordinary shares of 0.001p each
 
Identification code GB00BYYDKX57
 
   
b) Nature of the transactions Issue of Ordinary Shares
c) Price(s) and volume(s)     Price(s)   Volume(s)
1.00 p 1,549,271
 
d) Aggregated information
- Aggregated volume 1,549,271
- Price 1.00 p
e) Date of the transaction 6 March 2017
f) Place of the transaction London Stock Exchange, AIM
1   Details of the person discharging managerial responsibilities/person closely associated
1 Details of the person discharging managerial responsibilities/person closely associated
a) Name   Ivor Jones
2 Reason for the notification
a) Position/status Chief Operating Officer & Director
b) Initial notification/ Amendment Initial Notification
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a) Name ECR Minerals Plc
b) LEI N/A
4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a) Description of the financial instrument, type of instrument Ordinary shares of 0.001p each
 
Identification code GB00BYYDKX57
 
   
b) Nature of the transactions Issue of options over Ordinary Shares
c) Price(s) and volume(s)     Price(s)   Volume(s)
1.00 p 1,000,000
 
d) Aggregated information
- Aggregated volume 1,000,000
- Price 1.00 p
e) Date of the transaction 6 March 2017
f) Place of the transaction London Stock Exchange, AIM
1   Details of the person discharging managerial responsibilities/person closely associated
a) Name   William Howell
2 Reason for the notification
a) Position/status Non-executive Chairman
b) Initial notification/ Amendment Initial Notification
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a) Name ECR Minerals Plc
b) LEI N/A
4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a) Description of the financial instrument, type of instrument Ordinary shares of 0.001p each
 
Identification code GB00BYYDKX57
 
   
b) Nature of the transactions Issue of options over Ordinary Shares
c) Price(s) and volume(s)     Price(s)   Volume(s)
1.00 p 1,500,000
 
d) Aggregated information
- Aggregated volume 1,500,000
- Price 1.00 p
e) Date of the transaction 6 March 2017
f) Place of the transaction London Stock Exchange, AIM

ABOUT ECR

ECR is a mineral exploration and development company. ECR’s wholly owned Australian subsidiary Mercator Gold Australia has acquired 100% ownership rights in respect of the Avoca and Bailieston gold projects in Victoria, Australia. ECR has earned a 25% interest in the Danglay epithermal gold project, an advanced exploration project located in a prolific gold and copper mining district in the north of the Philippines. An NI43-101 technical report was completed in respect of the Danglay project in December 2015, and is available for download from ECR’s website.

ECR’s wholly owned subsidiary Ochre Mining has a 100% interest in the SLM gold project in La Rioja, Argentina. Exploration at SLM has focused on identifying small tonnage mesothermal gold deposits which may be suitable for relatively near term production.

Market Abuse Regulations (EU) No. 596/2014

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 (MAR). Upon the publication of this announcement via Regulatory Information Service (RIS), this inside information is now considered to be in the public domain.

FOR FURTHER INFORMATION, PLEASE CONTACT:

ECR Minerals plc   Tel: +44 (0)20 7929 1010
William (Bill) Howell, Non-Executive Chairman
Craig Brown, Director & CEO

Ivor Jones, Director & COO

 

Email:

info@ecrminerals.com

Website: www.ecrminerals.com

 
Cairn Financial Advisers LLP Tel: +44 (0)20 7213 0880
Nominated Adviser
Emma Earl / Jo Turner
 
Optiva Securities Ltd Tel: +44 (0)203 137 1902
Broker
Graeme Dickson
 
FlowComms Tel: +44 (0)7891 677 441
Investor Relations
Sasha Sethi
 
Blytheweigh Tel: +44 (0)20 7138 3204
Public Relations
Tim Blythe / Camilla Horsfall / Nick Elwes

FORWARD LOOKING STATEMENTS

This announcement may include forward looking statements. Such statements may be subject to numerous known and unknown risks, uncertainties and other factors that could cause actual results or events to differ materially from current expectations. There can be no assurance that such statements will prove to be accurate and therefore actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward looking statements. Any forward-looking statements contained herein speak only as of the date hereof (unless stated otherwise) and, except as may be required by applicable laws or regulations (including the AIM Rules for Companies), the Company disclaims any obligation to update or modify such forward-looking statements because of new information, future events or for any other reason.

Short Name: ECR Minerals plc
Category Code: MSCU
Sequence Number: 579071
Time of Receipt (offset from UTC): 20170307T170718+0000

Contacts

ECR Minerals plc

Contacts

ECR Minerals plc