Issue of Equity

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

AIM: MCR

US OTC: MTGDY

 

LONDON: 8 JULY 2009 - The Company announced on 29 June 2009 that it had undertaken a placing of 42.5 million new ordinary shares of 0.01p each (“New Ordinary Shares”) at a price of 2 pence per share to raise £850,000 before expenses.

It was announced that the New Ordinary Shares will be issued and admitted to AIM in three tranches on 2 July, 13 July and 27 July 2009. Admission of 17,675,000 New Ordinary Shares occurred on 2 July. It is now expected that all the remaining 24,875,000 New Ordinary Shares shall all be admitted to AIM on 13 July 2009.

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 of the remaining New Ordinary Shares there will be 115,174,911 Ordinary Shares in issue.

 

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    
Oliver Winters    
   
   
   
Cenkos Securities plc    
Adrian Hargrave Tel: +44 (0) 20 7397 8900
Beth McKiernan    
     
     
     
     
Old Park Lane Capital PLC    
Forbes Cutler Tel: +44 (0) 20 7518 2603
Director of Corporate Broking    
     
     
     
AIM: MCR    

 

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