ISSUE OF EQUITY, TOTAL VOTING RIGHTS, PDMR DEALING-ECR MINERALS PLC

ISSUE OF EQUITY, TOTAL VOTING RIGHTS, PDMR DEALING-ECR MINERALS PLC

PDMR Dealing

A logo with text on it Description automatically generatedECR Minerals plc (LON:ECR), the exploration and development company focused on gold in Australia, is pleased to confirm that the new ordinary shares awarded to Nick Tulloch, managing director, and Mike Whitlow, chief operating officer pursuant to their remuneration arrangements announced on 19 September 2023 have been issued and allotted.  Accordingly, each of Nick Tulloch and Mike Whitlow have received 9,698,275 new ordinary shares, in lieu of £22,500 of their remuneration for the period 15 December 2023 to 14 March 2024, at a price of 0.232p per share.

The total ordinary shares in ECR Minerals currently held by Nick and Mike, as PDMRs of the Company, are as follows:

Name

Shares in the Company Issued today

Total Shares in the Company now held

Percentage of the Company's issued equity held

Nick Tulloch

9,698,275

22,555,417

1.39%

Mike Whitlow

9,698,275

22,555,417

1.39%

Total

19,396,550

 

Additional Issue of Equity

At the same time, the Company has agreed to issue and allot 2,307,692 new ordinary shares in lieu of £6,000 of fees owed by the Company in order to assist the Company in conserving its cash resources. These shares have been issued at a price of 0.26p, which was the volume weighted average price for ECR Mineral's ordinary shares over the 14 trading days prior to the date of the invoice.

Admission and Disclosure and Transparency Rules

Application has been made for 21,704,242 new ordinary shares to be admitted to trading on AIM ("Admission") and it is expected that Admission will become effective on or around 15 March 2024. The new ordinary shares will rank pari passu with the existing ordinary shares. Upon Admission, ECR's issued ordinary share capital will comprise 1,619,086,760 ordinary shares of 0.001p. This number will represent the total voting rights in the Company, and, following admission may be used by shareholders as the denominator for the calculation by which they can determine if they are required to notify their interest in, or a change to their interest in, the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.

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