Issue of Equity

MERCATOR GOLD plc
(“Mercator Gold”, “Mercator” or “the Company”)

AIM: MCR

US OTC: MTGDY

 

LONDON: 3 APRIL 2006 - The Company announces that pursuant to the terms of the Convertible Loan Notes with a nominal value of £1,000,000 issued, under a placing, on 14 December 2005 (the “Convertible Loan Notes”), four holders of the Convertible Loan Notes have elected to receive ordinary shares of 10p each in the Company (the “Shares”) instead of a cash payment of interest. The Company will issue 26,365 Shares at 60p each, which will result in a cash saving of £15,819.

Application has been made for the Shares, which will rank pari passu with all existing ordinary shares, to be admitted to trading on AIM.

 

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 7426 5986
     
     
     
Ocean Equities Ltd    
Will Slack Tel: +44 (0) 20 7786 4370
     
     
     
Parkgreen Communications    
Justine Howarth / Ana Ribeiro Tel: + 44 (0) 20 7493 3713

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