Mercator Gold plc announces the Placing (the "Placing") of 2 million new ordinary shares of 0.01p each ("New Ordinary Shares") at a price of 2.5 pence per share to raise £50,000 before expenses.
Old Park Lane Capital plc (“OPL”) acted for the Company in the further Placing of the New Ordinary Shares, with which is conditional upon, inter alia, admission of the New Ordinary Shares to trading on AIM.
Application has been made for the admission of 2,000,000 New Ordinary Shares to AIM effective 22 March 2010. The New Ordinary Shares will rank pari passu in all respects with the existing Ordinary Shares currently traded on AIM. Following the admission there will be 163,271,584 Ordinary Shares in issue.
For further information please contact:
|Mercator Gold plc|
|Michael Silver, Chairman||Tel:||+44 (0) 20 7929 1010|
|Patrick Harford, Managing Director||+1 646 239 9087|
|Bankside Consultants Ltd||Tel:||+44 (0) 20 7367 8888|
|Cenkos Securities plc|
|Beth McKiernan||Tel:||+44 (0) 20 7397 8900|
|Old Park Lane Capital PLC|
|Forbes Cutler||Tel:||+44 (0) 20 7518 2603|
|Director of Corporate Broking|
|Barry Kaplan Associates|
|Larry Kaplan||Tel:||+1 732 747 0702|
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