WRAP Retail Offer for up to £100,000
Company launches retail offer to raise up to £100,000 via WRAP platform at 0.20 pence per share.
- WRAP Retail Offer size up to £100,000
- WRAP Retail Offer Shares up to 50,000,000 ordinary shares
- Issue price 0.20 pence per share
- Subscription (announced separately) £650,000
- Subscription Shares 325,000,000 ordinary shares
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ECR Minerals plc (AIM: ECR), the gold exploration and development company focused on Australia, is pleased to announce a retail offer via the Winterflood Retail Access Platform ("WRAP") to raise up to £100,000 (the "WRAP Retail Offer") through the issue of new ordinary shares of 0.001 pence each in the capital of the Company ("Ordinary Shares"). Under the WRAP Retail Offer up to 50,000,000 new Ordinary Shares (the "WRAP Retail Offer Shares") will be made available at an issue price of 0.20 pence per new Ordinary Share.
In addition to the WRAP Retail Offer and as announced earlier today at 11:30 a.m., the Company announced, among other things, a subscription of 325,000,000 new Ordinary Shares (the "Subscription Shares" and together with the WRAP Retail Offer Shares, the "New Ordinary Shares") to raise £650,000 (before expenses) (the "Subscription") at an issue price of 0.20 pence per Subscription Share (the "Subscription Price"). This earlier announcement sets out the reasons for the Subscription and the intended use of proceeds for both the Subscription and the WRAP Retail Offer. The issue price of the WRAP Retail Offer Shares is equal to the Subscription Price.
The WRAP Retail Offer and the Subscription are conditional on the New Ordinary Shares being admitted to trading on AIM ("Admission"). It is anticipated that Admission will become effective and that dealings in the New Ordinary Shares will commence on AIM at 08.00 a.m. on or around 8 October 2025.
WRAP Retail Offer
Therefore, the Company is making the WRAP Retail Offer open to eligible investors in the United Kingdom following release of this announcement, being existing shareholders of ECR Minerals, and through certain financial intermediaries.
The WRAP Retail Offer is expected to close at 4:30 p.m. on 3 October 2025. Eligible shareholders should note that financial intermediaries may have earlier closing times.
There is a minimum subscription of £100 per investor under the WRAP Retail Offer. The terms and conditions on which investors subscribe will be provided by the relevant financial intermediaries including relevant commission or fee charges.
It is a term of the WRAP Retail Offer that the total value of the WRAP Retail Offer Shares available for subscription at the Subscription Price does not exceed £100,000.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.