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(MCR.L) Mercator Gold Buy/Sell
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| Date/Time | Headline | Source |
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| Tue 10:01 | BZN |
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MERCATOR GOLD plc ("Mercator Gold", "Mercator" or "the Company" )
ISSUE OF EQUITY London - 17 November 2009
PLACING OF SHARES Mercator Gold plc is pleased to announce the placement of 20,000,000 New Ordinary Shares in the Company to Suphansa Holdings Ltd ("Suphansa"). The consideration for the Mercator shares is 3,000,000 shares, held by Suphansa, in Uranio AG, a Swiss company quoted on the Frankfurt, Berlin and Stuttgart stock exchanges. 3,000,000 shares in Uranio AG represent 1.33 per cent of its issued share capital. Uranio AG is an exploration and emerging mining company with headquarters in Basel, Switzerland. Its principal assets are extensive Uranium-rich exploration properties in the Central African Republic ("CAR") and in Argentina. Uranio had gross assets of £6.6 million for the financial year to 31 December 2008. According to a report released by Uranio on 22 October 2009 and provided by Equity Development ( www.equitydevelopment.co.uk), an FSA regulated analyst company, the tenements have the potential to contain over 100,000 tonnes of Uranium. (The Uranio report may be downloaded at: http://www.uranio.ch/english/downloads.html.) The principal shareholder of Suphansa is Mr Philip Saunders. Mr Saunders has a close association with Mr Richard Ondoko, a well-known businessman resident in the CAR and who was responsible for assisting the Uranio involvement in that country. Mercator intends to pursue jointly with Mr Saunders and Mr Ondoko other opportunities throughout Sub-Saharan Africa. Mercator will provide technical and corporate advice to Suphansa and Mr Ondoko in this effort. Suphansa has agreed to a voluntary escrow of the shares issued to it for a period of 12 months. The Managing Director of Mercator, Mr Patrick Harford, is aware that Uranio under Richard Ondoko's guidance has built a substantial asset in Uranium tenements across Central Africa and we look forward to assisting in the development of these and other assets.
EXERCISE OF WARRANTS The Company also announces that pursuant to the terms of a Warrant Instrument by way of Deed Poll dated 29 May 2009, Notice of Exercise has been received for 1,846 Warrants for Ordinary Shares of 0.1p each in the Company at a subscription price of 5p each. The Company has applied for the 20,000,000 New Ordinary Shares and 1,846 New Ordinary Shares (20,001,846 New Ordinary Shares in total) to be admitted to trading on AIM. Admission is expected to take place on 19 November 2009. The New Ordinary Shares will rank pari passu in all respects with the existing ordinary shares in the Company currently traded on AIM. Following admission there will be 144,370,442 Ordinary Shares in issue.
For further information please contact
Mercator Gold plc
Patrick Harford, Managing Director
Email:info@mercatorgold.com
Website:www.mercatorgold.com
Simon Rothschild
Oliver Winters
Cenkos Securities plc
Beth McKiernan
Old Park Lane Capital PLC
AIM: MCR More |
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| 08-10-09 | BZN |
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MERCATOR GOLD plc ("Mercator Gold", "Mercator" or "the Company" )
CORPORATE UPDATE London 8 October 2009 - Mercator is pleased to report on progress of its North American and Western Australian activities.
HIGHLIGHTS
Project. Managing Director, Patrick Harford, said : ''The Copper Flat Project, located in New Mexico, represents an attractive option on the copper price for North American Investors so our corporate push into that market is logical. The ADR mechanism will give investors there an opportunity to share in the additional value we hope to add through the technical work to be carried out by SRK." American Depositary Receipts As part of the development of the Company's North American interests Deutsche Bank, one of the leading depositary banks, has been appointed to assist the Company to establish a market for its shares. ADRs in the Company's ordinary shares will be traded on the Pink OTC Markets Inc. Each ADR represents 200 ordinary shares in Mercator and under current registration Mercator can issue up to 250,000 ADRs representing up to 50,000,000 ordinary shares. Through this process Mercator will be introduced to US investors and thus increase the Company's profile and liquidity. Deutsche Bank is a leading global investment bank with a strong and profitable private clients' franchise. A leader in Germany and Europe, the bank is continuously growing in North America, Asia and key emerging markets. With 78,896 employees in 72 countries, Deutsche Bank offers unparalleled financial services throughout the world. The bank competes to be the leading global provider of financial solutions for demanding clients creating exceptional value for its shareholders and people. Deutsche Bank's Trust & Securities Services business, part of the Global Transaction Banking division, is one of the leading providers of trustee, agent, depositary, registrar, SPV management and related services for a wide range of financial structures and transactions. It is a leading depositary for American and Global Depositary Receipts, providing value-added services to companies raising capital in international markets or listing on the New York, Nasdaq, London, Luxembourg, Singapore or Nasdaq-Dubai stock exchanges by means of depositary receipts. It also offers fund and hedge fund administration and, through a fully integrated network of specialist offices worldwide, provides domestic custody services in more than 30 securities markets. Additional details are available on www.adr.db.comor www.tss.db.com There is no cost to the Company for this process. Appointment of SRK Consulting The Company is also pleased to report the appointment of SRK Consulting (US) Inc to provide NI 43-101 compliant preliminary assessment of the Copper Flat Project. The project has historical reserves of 50Mst of ore. These historical reserves were generated over many years by highly respected engineering firms such as Behre Dolbear Group and Pincock Allen & Holt. However Mercator intends SRK to carry out an independent reassessment of the reserves using up-to-date resource/reserve estimation techniques to ensure they meet the highest contemporary standards. SRK Consulting, whose head office is in Denver, is one of the world's leading resource engineering firms. The estimated cost of the assessment is US$170,000 with completion expected in the first quarter of 2010. An updated NI 43-101 compliant resource will assist the Company in its development of the project and elucidate the various options for the project's financing. Meekatharra The Company expects to be in a position to update shareholders on the status of the negotiations concerning the status of the Meekatharra asset in Western Australia during the month of October 2009. The Deed of Company Arrangement (DOCA) has been extended to allow negotiations between the Administrator, the Company, and various interested parties to continue.
For further information please contact
Mercator Gold plc
Patrick Harford, Managing Director
Email:info@mercatorgold.com
Website:www.mercatorgold.com
Simon Rothschild
Oliver Winters
Cenkos Securities plc
Beth McKiernan
Old Park Lane Capital PLC
AIM: MCR More |
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| 07-10-09 | AFX UK Focus |
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LONDON, Oct 7 (Reuters) - Mercator Gold Plc:
((London Equities Newsroom; +44 20 7542 7717)) (For more news, please click here)
COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. More |
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| 07-10-09 | BZN |
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MERCATOR GOLD plc ("Mercator Gold", "Mercator" or "the Company" ) PLACING & ISSUE OF EQUITY London 7 October 2009
PLACING The Company has made a placement of 3.125 million shares at 4 pence per share to raise £125,000. The placement, made at a 15% premium to the market, was organised through the Company's long time advisors, Loeb Aron, at a cost of 5% plus broker warrants. The funds raised will be used to continue the work on the Copper Flat Project.
EXERCISE OF WARRANTS The Company also announces that pursuant to the terms of a Warrant Instrument by way of Deed Poll dated 29 May 2009, Notice of Exercise has been received for 114 Warrants for Ordinary Shares of 0.1p each in the Company (the "Shares") at a subscription price of 5p each. The Company has applied for the 3,125,000 and 114 Shares (3,125,114 New Ordinary Shares in total) to be admitted to trading on AIM. Admission is expected to take place on 8 October 2009. The New Ordinary Shares will rank pari passu in all respects with the existing ordinary shares in the Company currently traded on AIM. Following admission there will be 124,368,596 New Ordinary Shares in issue. Managing Director, Patrick Harford, said: "The placement of shares - achieved at a premium to market price - strengthens Mercator's balance sheet and provides the financial headroom for the company to pursue its current work programmes."
For further information please contact
Mercator Gold plc
Patrick Harford, Managing Director
Email:info@mercatorgold.com
Website:www.mercatorgold.com
Simon Rothschild
Oliver Winters
Cenkos Securities plc
Beth McKiernan
Old Park Lane Capital PLC
AIM: MCR More |
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