MERCATOR GOLD plc
(“Mercator Gold”, “Mercator” or “the Company”)
US OTC: MTGDY
LONDON: 15 SEPTEMBER 2006 - The Company announces that pursuant to the terms of the Convertible Loan Notes with a nominal value of £1,000,000 issued, under a placing, on 14 December 2005 (the "Convertible Loan Notes"), five holders of the Convertible Loan Notes have elected to receive ordinary shares of 10p each in the Company (the "Shares") instead of a cash payment of interest. The Company will issue 28,828 Shares at 60p each, which will result in a cash saving of £17,296.80.
Application has been made for the Shares, which will rank pari passu with all existing ordinary shares, to be admitted to trading on AIM.
For further information please contact:
|Mercator Gold plc|
|Patrick Harford, Managing Director||Tel:||+44 (0) 20 7929 1010|
|Justine Howarth / Ana Ribeiro||Tel:||+44 (0) 20 7493 3713|
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