ECR is a mineral exploration and development company, incorporated in the UK.

ECR’s wholly owned Australian subsidiary Mercator Gold Australia (MGA) has agreed to acquire 100% ownership of the Avoca and Bailieston gold projects in Victoria, Australia. Mercator Gold Australia is estimated to have tax losses of approximately AUD 66M as at 30 June 2015, which may be available, subject to certain conditions (as described in ECR’s announcement dated 4 December 2014), to reduce MGA’s future taxable profits.

ECR has the right to earn a 50% interest in the Danglay epithermal gold project in the Philippines. Danglay is an advanced exploration project located in a prolific gold and copper mining district in the north of the Philippines. An NI43-101 technical report was completed in respect of the Danglay project in December 2015, and is available for download from ECR’s website.

ECR’s wholly owned subsidiary Ochre Mining has a 100% interest in the SLM gold project in La Rioja Province, Argentina. Exploration at SLM has focused on identifying small tonnage mesothermal gold deposits which may be suitable for relatively near term production.

 

ECR shares are listed on the AIM market of the London Stock Exchange with the symbol ECR.

MERCATOR GOLD plc
(“Mercator Gold”, “Mercator” or “the Company”)

AIM: MCR

US OTC: MTGDY

 

LONDON: 9 OCTOBER 2008 - The Company has requested the suspension in the trading in the Company's Ordinary Shares on AIM following the appointment of administrators to the Company's operating subsidiary, Mercator Gold Australia Pty Ltd.

A further announcement will be made as soon as practicable.

For further information please contact:

Mercator Gold plc Tel: +44 (0)20 7929 1010
Patrick Harford, Managing Director   +61 (0)428 103 447
Michael Silver, Chairman   +44 (0) 20 7929 1010
Email:This email address is being protected from spambots. You need JavaScript enabled to view it.    
   
   
   
Bankside Consultants Ltd Tel: +44 (0)20 7367 8888
Simon Rothschild    
Oliver Winters    
   
   
   

 

Administrators of Mercator Gold Australia Pty Ltd:

Ferrier Hodgson Tel: +61 (0) 8 9214 1444
Malcolm Field / Martin Jones    
     
Level 26, BankWest Tower    
108 St George's Terrace    
Perth WA 6000    
Australia    
   
   
   

 

AIM: MCR

 

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