MERCATOR GOLD plc
(“Mercator Gold”, “Mercator” or “the Company”)
US OTC: MTGDY
LONDON: 8 JULY 2009 - The Company announced on 29 June 2009 that it had undertaken a placing of 42.5 million new ordinary shares of 0.01p each (“New Ordinary Shares”) at a price of 2 pence per share to raise £850,000 before expenses.
It was announced that the New Ordinary Shares will be issued and admitted to AIM in three tranches on 2 July, 13 July and 27 July 2009. Admission of 17,675,000 New Ordinary Shares occurred on 2 July. It is now expected that all the remaining 24,875,000 New Ordinary Shares shall all be admitted to AIM on 13 July 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 of the remaining New Ordinary Shares there will be 115,174,911 Ordinary Shares in issue.
For further information please contact:
|Mercator Gold plc|
|Patrick Harford, Managing Director||Tel:||+44 (0) 20 7929 1010|
|Bankside Consultants Ltd||Tel:||+44 (0) 20 7367 8888|
|Cenkos Securities plc|
|Adrian Hargrave||Tel:||+44 (0) 20 7397 8900|
|Old Park Lane Capital PLC|
|Forbes Cutler||Tel:||+44 (0) 20 7518 2603|
|Director of Corporate Broking|
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