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Epic & Msn data
Epic MCR
Time: 14:24:01
Mid Price: 2.63
Change Today: -0.25 Descending
Change % Today: -8.70 Descending
Fifty Two Week High: 43.50
Fifty Two Week Low: 2.63
Market Capital: 1.91
Period & price data
Period Price
Now: 2.63
3 Months ago:
6 Months ago:
1 Year ago:
Additional information
Additional Information
Market: AIM
Sector: General Mining - Gold
Epic: MCR
News: Latest news
Web Site: Mercator Gold
Other Articles: 30-04-200914-11-200813-10-2008

Mercator Gold

Mercator Gold PLC is a dynamic UK gold mining company, listed on the AIM market of the London Stock Exchange (MCR.L), which is focused on gold prospects at Meekatharra, Western Australia.


Friday, November 14, 2008

Mercator Gold Australia creditors approve administrative procedure

Mercator Gold PLC said a creditors’ meeting on November 13 has confirmed the appointment of administrators for Mercator Gold Australia Pty Ltd (MGA) and an exclusivity period for Tulla Resources Group Pty Ltd to potentially agree refinancing of the business.


 Creditors approved the Deed of Company Arrangement (DOCA) for the unit that entered voluntary administration on October 9.


MGA will be under the control of the deed administrator for a period of six months, pending the DOCA provides for a moratorium with creditors and allows for MGA to seek refinancing with Tulla Resources. Tulla is currently engaged in its due diligence of MGA. The exclusivity period will end on Dec 31 2008.


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