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: 10 MAY 2006 - Mercator Gold Plc (AIM: MCR) was informed on 9 May 2006 that Terrence Strapp, Chairman, through the nominee account of SDG Nominees PTY Ltd purchased 60,000 ordinary shares of Mercator Gold on 9 May 2006 at an average price of 81.31 pence per share and purchased 15,000 ordinary shares on 9 May 2006 at an average price of 85.86 pence per share.

Subsequent to these purchases and the issue of the new ordinary shares in relation to the placing of announced on 5 May the Directors’ shareholdings in the Company will be:

 

 

Number of issued Ordinary shares

Percentage of issued Ordinary shares

Number of Warrants

Number of options

Terrence Strapp

295,000

0.55%

Nil

675,000

Patrick Harford

1,650,010

3.08%

Nil

1,200,000

Michael de Villiers

227,000

0.42%

67,000

425,000

Dr. Julian Vearncombe

360,000

0.67%

40,000

825,000

Michael Elias

10,000

0.02%

Nil

125,000

Nick Allen

Nil

-

Nil

125,000

Denis Geldard

Nil

-

Nil

200,000

 

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.    
   
   
   
Parkgreen Communications    
Justine Howarth / Ana Ribeiro Tel: +44 (0) 20 7493 3713
   
   
   
Cenkos Securities Ltd.    
Joe Nally Tel: +44 (0) 20 7397 8900

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