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Epic & Msn data
Epic MCR
Time: 11:34:14
Mid Price: 2.63
Change Today: -0.13 Descending
Change % Today: -4.55 Descending
Fifty Two Week High: 7.88
Fifty Two Week Low: 1.88
Market Capital: 3.79
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: 15-03-201012-03-201002-03-2010

Mercator Gold

Mercator Gold plc is a diversified mining investment company with quality assets and the capability to undertake significant, value accretive transactions. Mercator is dedicated to creating value for its shareholders through a process of finding value, adding value and realising value. In order to achieve this, Mercator is able to access a pipeline of projects sourced from its global network and utilises the expertise of its directors and advisers.

Mercator holds an exclusive option over the Copper Flat project, a porphyry copper-molybdenum-gold-silver deposit in the Las Animas mining district of New Mexico, United States and a former producing mine. It is believed that the Copper Flat project, which has significant infrastructure in place, could be brought back into production within a relatively short timeframe for a relatively low capital outlay.

CLICK HERE FOR FULL ANLAYSIS OF MERCATOR GOLD
Monday, June 29, 2009

Mercator Gold raises £850,000 in institutional placing for potential acquisitions

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Mercator Gold PLC (AIM: MCR) announced an institutional placing of 42.5 million new ordinary shares at 2 pence, raising £850,000 to help finance potential acquisitions.

In a statement, Mercator said it has identified, and is in the early stages of the due diligence process required to evaluate, a number of potential acquisitions. The proceeds of the placing may allow the company to pursue such opportunities as and when appropriate.

Chairman Michael Silver took part in the placing, taking 1,513,500 new shares. He now holds 2,080,043 shares, or 1.81 of the enlarged share capital. Managing director Patrick Harford took the same amount of new shares, thus raising his holding to 3,516,467 shares, or 3.05 pct.

Additionally, management has secured a buyer for the purchase of an existing 7,998,268 shares for £160,000.

Harford commented: “We are very encouraged by the continued support of our existing shareholders and we welcome our new investors in this placing, which provides the company with the financial flexibility to pursue new projects of merit.”

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