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: 30 AUGUST 2005 - The Company is pleased to announce that at the EGM of the shareholders held at 11:00am today, all resolutions have been passed.

The Company is pleased to announce that at the EGM of the holders of 8 pence Warrants constituted by a warrant instrument dated 29 September 2004, held at 12:00am today, all resolutions have been passed.

Further to the Company’s announcement of 5 August 2005 and the passing of the above mentioned resolutions, the holders of 8 pence warrants (AIM, MCRW) are now entitled to subscribe for one ordinary share at 8 pence and, for a limited time, to receive one warrant to subscribe for one ordinary share at 10 pence. This offer is valid up to 3pm on 13 September 2005. Thereafter the remaining 8 pence warrants will still be valid on their original terms, the expiry date being 7 November 2005. The 10 pence warrant will expire on 7 November 2006.

Copies of the Invitation to Exercise Warrants Early are available from the Company at Peek House, 3rd floor, 20 Eastcheap, London, EC3M 1EB and the Company’s website www.mercatorgold.com.

Patrick Harford, CEO of Mercator commented: “The positive results from our shareholders and warrantholders meetings mark a very encouraging note of confidence as well as enabling the Company to continue its extended exploration programmes at Meekatharra. I am pleased to say that the eligible directors, where practical, intend to follow their rights under this offer.”

 

For further information please contact:

Mercator Gold plc    
Patrick Harford, Managing Director Tel: +44 (0) 20 7929 1010
Email:This email address is being protected from spambots. You need JavaScript enabled to view it.    
   
   
   
Beaumont Cornish Limited    
Roland Cornish Tel: + 44 (0) 20 7628 3396
     
     
     
King & Shaxson Capital Ltd    
Nick Bealer Tel: +44 (0) 20 7553 8281
     
     
     
Parkgreen Communications    
Justine Howarth / Ana Ribeiro Tel: +44 (0) 20 7493 3713

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