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.

Further to the announcement by the Company on 29 April 2010 and the successful passing of the resolutions proposed to shareholders at the Company's Annual General Meeting held on that date, including the approval of the change of the Company's name to Electrum Resources plc, the Board is pleased to announce that the filing requirements in relation to the change of name have now been completed and dealings under the new name will commence at 8.00am on Wednesday 29 September 2010. The Company's TIDM will also change to ECR. The Company's ISIN will remain unchanged as GB00B0P4LQ95.

In addition, the Company's website address will be amended to reflect the change of name to Electrum Resources plc. In compliance with Rule 26 of the AIM Rules for Companies, the updated details of the Company are currently available on the existing Mercator website. The new website which is currently under construction is expected to be completed shortly and may be found at: www.electrum-resources.com.

All share certificates in Mercator Gold will remain valid. As and when transactions take place on shareholdings, share certificates will then be issued in the new name of Electrum Resources plc. This will also relate to any other valid stock held in Mercator Gold.

 

About Mercator

Mercator Gold plc is a diversified mineral and renewable energy development company which specialises in identifying undervalued projects and structuring them to maximise their development and capital raising potential. Mercator holds a substantial interest in THEMAC Resources Group, a company listed on the TSX Venture Exchange. The primary objective of THEMAC Resources Group is to return the Copper Flat project, a former producing copper-molybdenum-gold-silver mine located in New Mexico, USA, to commercial production. Mercator also has solar energy interests in New Mexico along with numerous other promising assets elsewhere in the world.

 

For further information please contact:

Mercator Gold plc
Michael Silver, Chairman Tel: +44 (0) 20 7929 1010
Patrick Harford, Managing Director
Email:This email address is being protected from spambots. You need JavaScript enabled to view it.
Daniel Stewart & Company plc
Oliver Rigby/Tessa Smith Tel: +44 (0) 20 7776 6550
Old Park Lane Capital plc
Forbes Cutler Tel: +44 (0) 20 7518 2603
Director of Corporate Broking
Bankside Consultants Ltd Tel: +44 (0) 20 7367 8888
Simon Rothschild
Barry Kaplan Associates
Larry Kaplan Tel: +1 732 747 0702

 

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