ECR Minerals opts not to proceed with distribution to shareholders
ECR Minerals has said it has, after considering the possibility, decided not to proceed with a distribution to its shareholders of part of its holding in THEMAC shares and warrants.
ECR Minerals has said it has, after considering the possibility, decided not to proceed with a distribution to its shareholders of part of its holding in THEMAC shares and warrants.
Shares fell 7.41% to 0.25p by the afternoon.
Meanwhile, sharesholders of the company on Monday approved the sale of Gold Crest to Steve Iliev as part of its strategy of refocusing the efforts and resources of the company on natural resource projects in which it can exercise control or significant influence, and of realising value from its investments.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
![https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg](https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748-320-80.jpg)
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
The firm also said that it is still actively seeking a joint venture partner or purchaser for its 100% owned Sierra de las Minas gold project in La Rioja Province, Argentina.
NR
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
-
Skipton launches a retirement bond with monthly income – is it any good?
The building society has launched a new three-year fixed-rate bond for those aged 66 and over. Can it boost your retirement income?
By Katie Williams Published
-
Pensions: 140,000 pensioners to be hit by surprise tax demand
Tens of thousands of pensioners will be written to over the summer because their pensions have gone above the frozen income tax thresholds
By Chris Newlands Published