Issue of Equity

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

AIM: MCR

US OTC: MTGDY

 

LONDON: 10 JANUARY 2007 - 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"), one holder of the Convertible Loan Notes has elected to convert its Loan Note for £56,500 principal amount to ordinary shares of 10p each in the Company (the "Shares") at a conversion price of 60p each. The Company will issue 94,167 Shares and as a result will have a total of 53,680,144 issued shares.

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.    
   
   
   
Bankside Consultants Ltd Tel: +44 (0) 20 7367 8888
Simon Rothschild    
Keith Irons    
Oliver Winters    

 

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