MERCATOR GOLD plc
(“Mercator Gold”, “Mercator” or “the Company”)
US OTC: MTGDY
LONDON: 12 OCTOBER 2004 - On 11 October 2004, City Equities Limited informed the Company that it had (acting as Principal) sold its entire holding of 4,000,000 Ordinary Shares in the Company (representing 7.77 per cent of the Company's issued Ordinary Share capital) together with its entire holding of warrants (entitling it to subscribe for up to 4,000,000 new Ordinary Shares at 8 p per share) to certain of its private customers. As a result of these sales City Equities Limited no longer has an interest in the issued Ordinary Share capital of the Company and the Company's warrants.
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