LONDON: ECR Minerals Plc (AIM: ECR), a gold-focused exploration and development company operating in Australia, announced Tuesday that it has entered into an exclusivity arrangement and non-binding agreement to potentially acquire the entire share capital of Maximus Minerals Ltd, a Canadian-based company. The proposed acquisition, valued at £500,000, is contingent upon the satisfactory completion of due diligence…
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ECR Minerals accepts conditional offer for surplus land in Victoria
LONDON: ECR Minerals plc (LON: ECR), a company focused on gold exploration and development in Australia, has announced it has accepted, in principle, a conditional offer of A$225,000 for the sale of its surplus land at Brewing Lane in Victoria. The purchaser, who plans to settle the offer in cash upon completion, must secure suitable…
ECR Minerals signs exclusivity agreement for potential sale of Australian subsidiary
LONDON: ECR Minerals plc (LON: ECR), an exploration and development company focused on gold in Australia, has entered into an exclusivity agreement for the potential sale of its subsidiary, Mercator Gold Australia Pty Ltd (MGA). MGA is a non-core asset within ECR’s portfolio in Victoria and includes approximately A$75 million in tax losses. The agreement…