Issue of Equity

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

AIM: MCR

US OTC: MTGDY

 

LONDON: 30 March 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"), 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 3,941 Shares at 60p each, which will result in a cash saving of £2,363.82.

Application has been made for the Shares, which will rank pari passu with all existing ordinary shares, to be admitted to trading on AIM. Following the issue, the total of shares issued will be 60,599,085.

 

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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