ECR Minerals plc (LSE:ECR) has announced the issuance of new ordinary shares to directors and consultants as part of its broader remuneration framework. By opting to issue shares instead of making cash payments, the company aims to conserve financial resources while continuing to compensate key personnel. This approach supports ECR’s cost-management strategy but also results in a modest dilution of existing share capital, which may influence shareholder dynamics.
About ECR Minerals
ECR Minerals is an exploration-focused company specializing in gold assets, primarily in Australia. It holds full ownership of the Bailieston and Creswick gold projects located in central Victoria, while also maintaining exploration permits and applications across Queensland. The company has divested certain assets but retains rights to future milestone-based payments, tied to resource discovery or production, offering potential upside from past projects.
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