Mercator Gold PLC
15 June 2007
London 15 June 2007
FOR IMMEDIATE RELEASE
MERCATOR GOLD PLC
('Mercator Gold' or the 'Company')
REPAYMENT OF 9.25% CONVERTIBLE LOAN NOTE & ISSUE OF SHARES
The Company announces that pursuant to the terms of the Convertible Loan Notes
issued under a placing on 14 December 2005 (the 'Convertible Loan Notes'), the
remaining four holders of the Convertible Loan Notes have elected to convert
their Loan Notes for £943,500 Principal Amount to Ordinary Shares (the 'shares')
of 10p each in the Company at a conversion price of 60p each. The holders have
also elected to receive all the accrued interest due under the terms of the
Convertible Loan Notes in the form of shares at a conversion price of 60p each.
The Company will issue 1,645,827 shares in full and final settlement of all the
Convertible Loan Notes.
Application has been made for the shares, which rank pari passu with all
existing shares, to be admitted to trading on AIM. Dealings in the new Ordinary
Shares are expected to commence on 19 June 2007. The total number of shares
with voting rights is 62,244,912.
Following the issue, the total of shares in issue will be 62,244,912.
For further information please contact:
Mercator Gold plc
Patrick Harford, Managing Director Tel: +44 (0) 20 7929 1010
Email: info@mercatorgold.com
Website: www.mercatorgold.com
Bankside Consultants Ltd Tel: +44 (0) 20 7367 8888
Simon Rothschild
Keith Irons
Oliver Winters
AIM: MCR
This information is provided by RNS
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