Business
CORPORATE UPDATE
CORPORATE UPDATE.
About this update from Ecr Minerals Plc
[{"type":"text","content":"\n\n \n \n \n CORPORATE UPDATE\n \n \n\n \n Mercator Gold Plc\n \n \n\n \n \n \n MERCATOR GOLD plc(“Mercator Gold”, “Mercator” or “the \n Company”)\n \n \n CORPORATE UPDATE\n \n \n London 8 October 2009 - Mercator is pleased to report on progress \n of its North American and Western Australian activities.\n \n \n HIGHLIGHTS\n \n \n \n The Company has appointed Deutsche Bank as its depositary bank to \n issue American Depositary Receipts (ADRs) representing the Company’s \n shares in order to facilitate access to, and trading in, the US market.\n \n \n The Company has commissioned SRK Consulting (US) Inc to carry out an \n NI 43-101 compliant Preliminary Assessment of the Copper Flat Project.\n \n \n \n Managing Director, Patrick Harford, said: ‘’The Copper Flat \n Project, located in New Mexico, represents an attractive option on the \n copper price for North American Investors so our corporate push into \n that market is logical. The ADR mechanism will give investors there an \n opportunity to share in the additional value we hope to add through the \n technical work to be carried out by SRK.”\n \n \n American Depositary Receipts\n \n \n As part of the development of the Company’s North American interests \n Deutsche Bank, one of the leading depositary banks, has been appointed \n to assist the Company to establish a market for its shares. ADRs in the \n Company’s ordinary shares will be traded on the Pink OTC Markets Inc. \n Each ADR represents 200 ordinary shares in Mercator and under current \n registration Mercator can issue up to 250,000 ADRs representing up to \n 50,000,000 ordinary shares.\n \n \n Through this process Mercator will be introduced to US investors and \n thus increase the Company’s profile and liquidity.\n \n \n Deutsche Bank is a leading global investment bank with a strong and \n profitable private clients’ franchise. A leader in Germany and Europe, \n the bank is continuously growing in North America, Asia and key emerging \n markets. With 78,896 employees in 72 countries, Deutsche Bank offers \n unparalleled financial services throughout the world. The bank competes \n to be the leading global provider of financial solutions for demanding \n clients creating exceptional value for its shareholders and people.\n \n \n Deutsche Bank’s Trust & Securities Services business, part of the Global \n Transact...