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
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
Our team, led by award winning editors, is dedicated to delivering you the top news, analysis, and guides to help you manage your money, grow your investments and build wealth.
-
Review: The Store, Oxford – purveyors of excellence
MoneyWeek Travel The Store is a luxurious, new hotel in Oxford that has set up shop in a former department store in the heart of the city
By Chris Carter Published
-
Seven ways the Budget could hike inheritance tax or capital gains tax at death
Chancellor Rachel Reeves could target death taxes by raising IHT and/or levying CGT on inheritances. We look at some potential moves in the Autumn Budget
By Ruth Emery Published