MERCATOR GOLD plc
(“Mercator Gold”, “Mercator” or “the Company”)
US OTC: MTGDY
LONDON: 1 FEBRUARY 2006 - Under the terms of the Agreement for the purchase of the mining and exploration assets at Meekatharra acquired from St Barbara Limited (“SBM”), the Company has issued a further 92,579 new ordinary shares to SBM as final consideration for the exchange rate movement in the Sterling versus Australian Dollar up to the date of settlement.
Application will be made for the new ordinary shares, which will rank pari passu with existing ordinary shares, to be admitted to trading on AIM.
SBM now holds 11,016,949 shares which represents 28% of the issued share capital of the Company. These shares are subject to a “lock in” agreement for a period of 12 months from admission.
For further information please contact:
|Mercator Gold plc|
|Patrick Harford, Managing Director||Tel:||+44 (0) 20 7929 1010|
|Beaumont Cornish Limited|
|Roland Cornish||Tel:||+ 44 (0) 20 7628 3396|
|King & Shaxson Capital Ltd|
|Nick Bealer||Tel:||+ 44 (0) 20 7426 5986|
|Ocean Equities Ltd|
|Will Slack||Tel:||+ 44 (0) 20 7786 4375|
|Justine Howarth / Ana Ribeiro||Tel:||+ 44 (0) 20 7493 3713|
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