Mercator Gold plc ("Mercator" or "the Company") 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 is incorporated in England and Wales, and listed on the London Stock Exchange's Alternative Investment Market (AIM) with the symbol MCR. Mercator’s American Depositary Receipts (ADRs) are traded in the USA on an over the counter basis with the symbol MTDGY.
LATEST NEWS
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Uranio Heads of Agreement |
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Tuesday, 02 March 2010 00:00 |
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Mercator Gold plc is pleased to announce that it has entered into a binding heads of agreement (“the Heads of Agreement”) with Uranio AG (“Uranio”) with respect to all exploration and mining licences and applications held by Uranio in Argentina (“the Licences”).
HIGHLIGHTS
- Terms agreed on which Mercator may, at its option, earn in to an interest of up to 70% in the Licences (‘the Earn In’).
- The Licences, which total in excess of 80,000 hectares of granted tenements, will be evaluated for uranium as well as precious and base metal potential.
- A four-month due diligence period, extendable by three months, has commenced.
- Argentina is recognised as a highly prospective territory for uranium exploration, and the French nuclear energy group AREVA is known to be considering the construction of a uranium mill in the country.
- The Licences include one 4,000 hectare tenement located in close proximity to the historic Los Mogotes Colorados uranium mine.
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Read more: Uranio Heads of Agreement
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Tuesday, 23 February 2010 00:00 |
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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 714 Warrants for Ordinary Shares of 0.1p each in the Company at a subscription price of 5p each.
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Read more: Issue of Equity
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Copper Flat Project Update |
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Thursday, 18 February 2010 00:00 |
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Mercator Gold plc is pleased to provide an update on its evaluation of the Copper Flat project (“Copper Flat”), located in New Mexico, USA. Mercator holds an exclusive option over Copper Flat.
HIGHLIGHTS
- Drilling programme initiated on 4 January of this year successfully completed on 5 February.
- Initial assay results include intersection of 429ft (131m) at an average grade of 0.73% copper, with balance of assays expected by 26 February 2010.
- Reanalysis of 800 pulps from historic drilling has shown on average a 3.9% increase in copper values and 3.6% increase in molybdenum values over historic averages.
- Completion of Canadian NI43-101 compliant Preliminary Economic Assessment (“PEA”) report by SRK Consulting.
- Extension granted regarding payment of US$1m due by 14 February 2010 in connection with the exercise of Mercator’s option over Copper Flat; payment now due, at Mercator’s election, by 30 March 2010, allowing the Company time to review all assays from recent drilling.
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Read more: Copper Flat Project Update
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Tuesday, 19 January 2010 00:00 |
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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 428 Warrants for Ordinary Shares of 0.1p each in the Company at a subscription price of 5p each.
The Company has applied for the 428 New Ordinary Shares to be admitted to trading on AIM. Admission is expected to take place on 22 January 2010. The New Ordinary Shares will rank pari passu in all respects with the existing ordinary shares in the Company currently traded on AIM. Following admission there will be 144,370,870 Ordinary Shares in issue.
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Read more: Issue of Equity
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