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RNS Number : 8330A ECR Minerals PLC 19 August 2024
19 August 2024
ECR Minerals Plc
("ECR Minerals", "ECR" or the "Company")
Change of Nominated Adviser
and
Board Appointment
ECR Minerals Plc (LON: ECR), the exploration and development company focused
on gold in Australia, is pleased to announce that Allenby Capital Limited has
been appointed as the Company's Nominated Adviser with immediate effect.
In addition, the Company is pleased to announce the appointment with immediate
effect of Mike Whitlow to the board of directors of ECR Minerals (the "Board")
as Managing Director.
Mike has been the Company's Chief Operating Officer in a non-Board capacity
since 15 September 2023. Mike has spent over 20 years investing and financing
small cap and start-up companies. Having started his career in the natural
resources industry, more recently Mike has overseen and assembled a number of
resource projects through his company Axies Ventures Ltd, where he has
personally overseen two funding rounds and three work programmes in the
Mediterranean and North America including a successful drilling campaign in
2023.
Andrew Scott, Non-Executive Director of ECR Minerals Plc, commented:
"I am delighted to welcome Mike Whitlow to the Board as our Managing Director.
Mike originally joined ECR Minerals plc in September 2023 as a non-board Chief
Operating Officer and has been instrumental in delivering key operational and
strategic objectives for the business. We look forward to continuing to work
with him at the Board level."
Additional disclosures required under the AIM Rules for Companies
Pursuant to Rule 17 and Schedule Two Paragraph (g) of the AIM Rules for
Companies, Michael ("Mike") David Whitlow, aged 45 is, or has during the last
five years, been a director or partner of the following companies and
partnerships:
Current: Past:
Axies Ventures Ltd None
My Inspiration Holdings
Volant Services (VSL) Limited
Holding365 Ltd
Mr. Whitlow owns 30,055,417 ordinary shares of 0.001 pence each in the
Company.
For further information please contact:
ECR Minerals Plc Tel: +44 (0) 1738 317 693
Nick Tulloch, Chairman info@ecrminerals.com (mailto:info@ecrminerals.com)
Andrew Scott, Director www.ecrminerals.com
(http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.ecrminerals.com%2F&esheet=51817334&newsitemid=20180605005810&lan=en-US&anchor=www.ecrminerals.com&index=1&md5=820ad49dc1fc2c84a0538453c017bc1b)
Allenby Capital Limited Tel: +44 (0)20 3328 5656
Nominated Adviser info@allenbycapital.com (mailto:info@allenbycapital.com)
Nick Naylor / Alex Brearley / Vivek Bhardwaj
Axis Capital Markets Limited Tel: +44 (0) 203 026 0320
Broker
Ben Tadd / Lewis Jones
SI Capital Ltd Tel: +44 (0) 1483 413500
Broker
Nick Emerson
Brand Communications Tel: +44 (0) 7976 431608
Public & Investor Relations
Alan Green
About ECR Minerals Plc
ECR Minerals is a mineral exploration and development company. ECR's wholly
owned Australian subsidiary Mercator Gold Australia Pty Ltd ("MGA") has 100%
ownership of the Bailieston and Creswick gold projects in central Victoria,
Australia, has six licence applications outstanding which includes one licence
application lodged in eastern Victoria (Tambo gold project).
ECR also owns 100% of an Australian subsidiary LUX Exploration Pty Ltd ("LUX")
which has three approved exploration permits covering 946 km2 over a
relatively unexplored area in Lolworth Range, Queensland, Australia. The
Company has also submitted a license application at Kondaparinga which is
approximately 120km2 in area and located within the Hodgkinson Gold Province,
80km NW of Mareeba, North Queensland.
Following the sale of the Avoca, Moormbool and Timor gold projects in
Victoria, Australia to Fosterville South Exploration Ltd (TSX-V: FSX) and the
subsequent spin-out of the Avoca and Timor projects to Leviathan Gold Ltd
(TSX-V: LVX), MGA has the right to receive up to A$2 million in payments
subject to future resource estimation or production from projects sold to
Fosterville South Exploration Limited. ECR holds a royalty on the SLM gold
project in La Rioja Province, Argentina which could potentially receive up to
US$2.7 million in aggregate across all licences.
MGA also has approximately A$75 million of unutilised tax losses incurred
during previous operations.
.
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