Mercator Gold PLC
22 July 2005
FOR IMMEDIATE RELEASE 22 July 2005
MERCATOR GOLD PLC ('MERCATOR' or the 'Company')
Issue of Share Options to Director
Following on from the appointment of Dr Susan Vearncombe as a Director of the
Company, the Company has agreed to issue Dr Susan Vearncombe with 750,000 new
share options. The share options are exercisable at any time within the next 10
years at an exercise price of 10p per Ordinary Share.
Following the issue of these new share options, the interests of Dr Susan
Vearncombe in the Ordinary Share capital of the Company are as follows:
Number of Ordinary Shares as a Number of Warrants Number of share
issued Percentage of issued to subscribe for new options to subscribe
Ordinary Ordinary Share Ordinary Shares for new Ordinary
Shares capital Shares
1,700,000* 1.95 per cent 400,000* 1,500,000
The total number of Ordinary Shares, Warrants and share options to subscribe for
new Ordinary Shares held by Dr Susan Vearncombe is 3,600,000 which represents
4.13% of the Company's issued share capital.
* Dr. Susan Vearncombe's interest in Ordinary Shares includes Dr. Julian
Vearncombe's interest in 200,000 Ordinary Shares and 400,000 warrants which are
held in the Vearncombe Superannuation Fund.
For further information, please contact:
Patrick Harford Tel: 020 7929 1010
Managing Director
Mercator Gold
Roland Cornish Tel: 0207 628 3396
Chairman
Beaumont Cornish
This information is provided by RNS
The company news service from the London Stock Exchange
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