Issue of Equity

EXERCISE OF WARRANTS

The Company announces that pursuant to the terms of a Warrant Instrument by way of Deed Poll dated 29 May 2009, Notice of Exercise has been received for 714 Warrants for Ordinary Shares of 0.1p each in the Company at a subscription price of 5p each.

 

The Company has applied for the 714 New Ordinary Shares to be admitted to trading on AIM. Admission is expected to take place on 24 February 2010. The New Ordinary Shares will rank pari passu in all respects with the existing ordinary shares in the Company currently traded on AIM. Following admission there will be 144,371,584 Ordinary Shares in issue.

 

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.
Bankside Consultants Ltd Tel: +44 (0) 20 7367 8888
Simon Rothschild
Oliver Winters
Cenkos Securities plc
Beth McKiernan Tel: +44 (0) 20 7397 8900
Old Park Lane Capital PLC
Forbes Cutler Tel: +44 (0) 20 7518 2603
Director of Corporate Broking
AIM: MCR ADR: MTDGY


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