Business
Issue of Shares
Issue of Shares.
About this update from Ecr Minerals Plc
[{"type":"text","content":"\n RNS Number : 6679W Mercator Gold PLC 31 July 2009 \n \n\n\n\n\nLondon 31 July 2009 \n\n\nMERCATOR GOLD PLC('Mercator Gold' or the 'Company')\n\n\n\nISSUE OF SHARES\n\n\nEXERCISE OF WARRANTS\n\nThe Company announces that pursuant to the terms of a Warrant Instrument by way of Deed Poll dated 29 May 2009, Notice of Exercise has been received for 9,353 Warrants for ordinary shares of 0.1p each in the Company (the 'Shares') at a subscription price of 2p each. \n\nApplication has been made for the Shares, which will rank pari passu with all existing ordinary shares, to be admitted to trading on AIM. Dealings in these Ordinary Shares are expected to commence on 6 August 2009.\n\n\nALLOTMENT OF SHARES\n\nThe Company announces that pursuant to the terms of the Convertible Loan Notes with a nominal value of £2,565,000 issued on 17 October 2007 (the 'Convertible Loan Notes'), three holders of the Convertible Loan Notes have elected to receive ordinary shares of 0.1p each in the Company (the 'Shares') instead of a cash payment of interest. The Company will issue 674,410 Shares at 2p each, which will result in a cash saving of £13,488.22.\n\nApplication has been made for the Shares, which will rank pari passu with all existing ordinary shares, to be admitted to trading on AIM. Dealings in these Ordinary Shares are expected to commence on 6 August 2009.\n\nThe Company also announces that terms have been arranged for the settlement of creditors' fees in the amount of 5,384,808 Ordinary Shares ('the Shares') of 0.1p each in the Company at a subscription price of 2p each. This will result in a cash saving of approximately £107,880. \n \nApplication has been made for the Shares, which will rank pari passu with all existing ordinary shares, to be admitted to trading on AIM. Dealings in these Ordinary Shares are expected to commence on 6 August 2009.\n\nFollowing the issues, the total of Shares in issue will be 121,243,482.\n\nFor further information please contact\n\nMercator Gold plc \nMichael Silver, Chairman  ...