ECR Minerals plc (LON:ECR) the precious metals exploration and development company is pleased to announce that 5,090,000 New Ordinary Shares have been issued by the Company at a deemed share price of 1.0p per share in lieu of business support, marketing and communications services valued at £50,900.
The shares are to be issued to five different and unconnected service providers covering principally investor and public relations services.
Craig Brown Chief Executive Officer of ECR Minerals plc commented: “ECR continues to aggressively pursue its Australian gold project portfolio and has experienced exploration success across its Bailieston and Creswick projects in 2019. A third project, Timor, is now activated and exploration work is progressing on the ground.
Given the range and depth of our project interests and amount of operational activity, we are focused on maintaining strong and focused market communications to ensure our message is well distributed and properly understood.
I am pleased that our service providers have today taken shares in lieu of cash for services, which we believe demonstrates their confidence in the business model..
I look forward to updating the market with further developments at the earliest opportunity.”
ADMISSION OF SHARES AND TOTAL VOTING RIGHTS
Admission of the New Ordinary Shares is expected to occur on or around 24 July 2019. Following Admission of the Financing Shares, ECR’s issued ordinary share capital will comprise 450,930,783 ordinary shares of 0.001 pence. This number will represent the total voting rights in the Company, and, following admission of both the placing and subscription shares, 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. The new shares will rank pari passu in all respects with the ordinary shares of the Company currently traded on AIM.
FOR FURTHER INFORMATION, PLEASE CONTACT:
ECR Minerals plc
Tel: +44 (0)20 7929 1010
David Tang, Non-Executive Chairman
Craig Brown, Director & CEO
WH Ireland Ltd
Tel: +44 (0)161 832 2174
Katy Mitchell/James Sinclair-Ford
SI Capital Ltd
Tel: +44 (0)1483 413500
ABOUT ECR MINERALS PLC
ECR is a mineral exploration and development company. ECR’s wholly owned Australian subsidiary Mercator Gold Australia Pty Limited has 100% ownership of the Avoca, Bailieston, Creswick, Moormbool and Timor gold exploration licences in central Victoria, Australia and the Windidda Gold Project in the Yilgarn Region, Western 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 Argentine subsidiary Ochre Mining has 100% ownership of 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.
The directors of GVMH are delighted to announce that they have secured funding by way of £670K of convertible loan notes.
The loan notes have been issued as zero coupon Convertible Unsecured Loan Notes 2019 (the “Loan Notes”).
The Loan Notes are subject to no interest but are convertible at a price of £0.15 per Ordinary Share and are redeemable, to the extent they have not been converted into shares, on 1 July 2021.
For every four shares received by way of conversion of the Loan Notes, the holders of the Loan Notes (the “Holders”) will be given one warrant (the “Warrants”) to acquire one ordinary share of the Company. The Warrants are exercisable up to 2 years after issue at a price of £0.15 per Ordinary Share.
If the Loan Notes and Warrants are all converted into shares this would result in the Holders acquiring 5,609,210 shares in GVMH, representing approximately 5.5% of the newly enlarged shares in the Company.
Commenting on the issue of the Loan Notes, Jonathan Lo, Chief Executive, said:“This investment provides the working capital to further develop our business plan, consolidating our progress to date for further growth in future.”
The Directors accept responsibility for this announcement.
For more information:
|Grand Vision Media Holdings plc||http://gvmh.co.uk/|
|Edward Kwan-Mang Ng, Director||Tel: +44 (0) 20 7866 2145
|Alfred Henry Corporate Finance Ltd|
|Nick Michaels / Jon Isaacs||Tel: +44 (0) 20 3772 0021
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BigDish Plc (LON: DISH), a food technology company that operates a yield management platform for restaurants, is pleased to announce today it has signed an exclusive partnership with Oceanic Media Ltd.
Oceanic Media has hosted Restaurant Awards across the United Kingdom since 2007 and will host sixteen national and regional awards from September 2019 to August 2020. Oceanic will promote BigDish via various marketing channels to over 3,500 restaurants across the United Kingdom that receive nominations and to the thousands of people that nominate restaurants for awards. BigDish will also receive introductions to finalists during the period leading up to each event which is expected to increase restaurant acquisition. BigDish will also be the exclusive restaurant booking platform sponsor at each event. The sixteen events are outlined below:
The Restaurant Awards England – September 2019 (Midlands)
Pub Awards Scotland – September 2019 (Glasgow)
London Asian Food Awards – October 2019 (London)
Food Awards England – October 2019 (Manchester)
Welsh Asian Food Awards – November 2019 (Cardiff)
Scottish Asian Food Awards – November 2019 (Glasgow)
Restaurant Awards Wales – November 2019 (Cardiff)
English Asian Food Awards – February 2020 (Manchester)
Food Awards Northern Irelands – March 2020 (Belfast)
Welsh Pub Awards – March 2020 (Cardiff)
Scottish Curry Awards – April 2020 (Glasgow)
Restaurant Awards Scotland – April 2020 (Glasgow)
Food Awards Wales – May 2020 (Cardiff)
London Curry Awards – May 2020 (London)
English Curry Awards – August 2020 (Birmingham)
Food Awards Scotland – August 2020 (Glasgow)
The majority of restaurants that receive nominations are independent restaurants. This further supports BigDish’s current strategy of initially targeting independent restaurants before targeting chain restaurants.
Sanj Naha, CEO commented: “The partnership with Oceanic Media will support our national rollout with the introduction of thousands of great restaurants across the country to BigDish. This will raise the profile of BigDish across the restaurant industry throughout the United Kingdom, which will in turn assist new incoming Territory Managers. I fully expect that this partnership will significantly increase the pace of restaurant adoption from September onwards across the United Kingdom.
“The summer is a busy period for BigDish with the focus on recruitment both in the United Kingdom and in Manila. I will be travelling to Asia next month to strategize with the team on key functions such as product development and customer support.
“After having been an integral part of building two restaurant booking platforms in my previous roles, it is important that shareholders gain a sense of the bigger picture of the journey that we are on. I would like to repeat what I previously stated, that ‘the platform, as it stands today, will be unrecognisable by 2021’.
“The other piece of exciting news is that we will shortly see our first restaurant group trial BigDish. Group restaurants typically start with a single location trial with a view to progressing to the pilot project phase followed by a full rollout should the pilot phase be successful. I have extensive experience with group restaurants and expect to see significant numbers join our platform in due course. This rollout will also in turn be accelerated by the Territory Managers. It is by design that we have started with independent restaurants in order to have a variety of cuisines and restaurants.”
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE MARKET ABUSE REGULATION EU 596/2014 (“MAR”)
Zak Mir, Digital Communications Officer
+44 (0) 7867 527659
Notes to Editors
BigDish Plc is a London Stock Exchange listed food technology company that operates a yield management platform for the restaurant industry, including a mobile App.
The Company helps restaurants in the UK fill their spare capacity and optimise their revenues through smart and dynamic discounts. Consumers can access these via the BigDish App and website platforms. Restaurants pay BigDish a fee per diner seated.
BigDish is fully committed to delivering shareholder value to its stakeholders through this model and is actively seeking to expand across the UK. An expansion strategy has been outlined which divides the UK into territorial target areas.
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