Business
Re: Convertible Loan Note
Re: Convertible Loan Note.
About this update from Ecr Minerals Plc
[{"type":"text","content":"\n Mercator Gold PLC\n15 June 2007\n\n\n \nLondon 15 June 2007\n\nFOR IMMEDIATE RELEASE\n\n\n MERCATOR GOLD PLC\n ('Mercator Gold' or the 'Company')\n\n REPAYMENT OF 9.25% CONVERTIBLE LOAN NOTE & ISSUE OF SHARES\n\n\nThe Company announces that pursuant to the terms of the Convertible Loan Notes \nissued under a placing on 14 December 2005 (the 'Convertible Loan Notes'), the \nremaining four holders of the Convertible Loan Notes have elected to convert \ntheir Loan Notes for £943,500 Principal Amount to Ordinary Shares (the 'shares') \nof 10p each in the Company at a conversion price of 60p each. The holders have \nalso elected to receive all the accrued interest due under the terms of the \nConvertible Loan Notes in the form of shares at a conversion price of 60p each. \nThe Company will issue 1,645,827 shares in full and final settlement of all the \nConvertible Loan Notes.\n\nApplication has been made for the shares, which rank pari passu with all \nexisting shares, to be admitted to trading on AIM. Dealings in the new Ordinary \nShares are expected to commence on 19 June 2007. The total number of shares \nwith voting rights is 62,244,912.\n\nFollowing the issue, the total of shares in issue will be 62,244,912.\n\nFor further information please contact:\n\nMercator Gold plc\nPatrick Harford, Managing Director Tel: +44 (0) 20 7929 1010\n\nEmail: [email protected]\nWebsite: www.mercatorgold.com\n\nBankside Consultants Ltd Tel: +44 (0) 20 7367 8888\nSimon Rothschild\nKeith Irons\nOliver Winters\n\n\nAIM: MCR\n\n\n\n This information is provided by RNS\n The company news service from the London Stock Exchange\n \n ","length":1807,"tagName":"div"}]