Placing of 2 million Ordinary Shares

Mercator Gold plc announces the Placing (the "Placing") of 2 million new ordinary shares of 0.01p each ("New Ordinary Shares") at a price of 2.5 pence per share to raise £50,000 before expenses.

Old Park Lane Capital plc (“OPL”) acted for the Company in the further Placing of the New Ordinary Shares, with which is conditional upon, inter alia, admission of the New Ordinary Shares to trading on AIM.

 

Application has been made for the admission of 2,000,000 New Ordinary Shares to AIM effective 22 March 2010. The New Ordinary Shares will rank pari passu in all respects with the existing Ordinary Shares currently traded on AIM. Following the admission there will be 163,271,584 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 +1 646 239 9087
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
Barry Kaplan Associates
Larry Kaplan Tel: +1 732 747 0702

 

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