London 31 July 2009
MERCATOR GOLD PLC
('Mercator Gold' or the 'Company')
ISSUE OF SHARES
EXERCISE OF WARRANTS
The 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.
Application 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.
ALLOTMENT OF SHARES
The 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.
Application 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.
The 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.
Application 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.
Following the issues, the total of Shares in issue will be 121,243,482.
For further information please contact
Mercator Gold plc
Michael Silver, Chairman Tel: +44 (0) 20 7929 1010
Patrick Harford, Managing Director
Email: info@mercatorgold.com
Website: www.mercatorgold.com
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, Director of Corporate Broking Tel: +44 (0) 20 74938188
AIM: MCR
This information is provided by RNS