Share Talk Ltd

ECR Minerals plc (AIM: ECR), a company specializing in gold exploration and development in Australia, announced its successful fundraising of £585,000, pending Admission. This was achieved through the issuance of 195,000,000 new ordinary shares, known as “Placing Shares,” at a rate of 0.30 pence per share (the “Placing Price”) in a process referred to as the “Placing.” The Placing Price is set at roughly a 30% discount compared to the closing middle market price of 0.43 pence per Ordinary Share as of 13 March 2024, which was the last business day before this announcement was made. The funds raised from the Placing will be strategically utilized to further develop ECR’s projects in Victoria and Queensland throughout 2024. Here are the key points from the Interview: Capital Raise Overview: ECR Minerals raised £585,000 through a placement at a discount to the recent trading price but at a premium compared to the last raise six months ago. Use of Proceeds: The funds will be used to advance ECR’s projec