LONDON: ECR Minerals PLC, an AIM-listed gold exploration and development company focused on Australia, said Tuesday it has agreed to acquire Paleogold Ltd. in a fully funded, staged transaction designed to deliver nearer-term gold production and scalable cash flow. The acquisition gives ECR interests in gold projects across Queensland, Western Australia and South Australia. Most…
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…
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…
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…