Placing of 2,000,000 Million Ordinary Shares at 2.5p per Ordinary Share to raise £50,000
Placing of 2,000,000 Million Ordinary Shares at 2.5p per Ordinary Share to raise £50,000
Mercator Gold Plc
AIM: MCR
US OTC: MTGDY
Mercator Gold plc
(“Mercator Gold”, “Mercator” or the “Company”)
Placing of 2,000,000 Million Ordinary Shares
at 2.5p per Ordinary Share to raise £50,000
London 16 March 2010: Mercator Gold plc announces the Placing (the "Placing") of 2,000,000 million new ordinary shares of 0.01p each ("New Ordinary Shares") at a price of 2.5 pence per share to raise £50,000 before expenses.
Old Park Lane Capital plc (“OPL”) acted for the Company in the further Placing of the New Ordinary Shares, with which is conditional upon, inter alia, admission of the New Ordinary Shares to trading on AIM.
Application has been made for the admission of 2,000,000 New Ordinary Shares to AIM effective 22 March 2010. The New Ordinary Shares will rank pari passu in all respects with the existing Ordinary Shares currently traded on AIM. Following the admission there will be 181,271,584 Ordinary Shares in issue.
For further information please contact
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Mercator Gold plc |
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| Michael Silver, Chairman | +44 (0) 20 7929 1010 | |||
| Patrick Harford, Managing Director | +1 646 239 9087 | |||
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Email: info@mercatorgold.com |
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Website: www.mercatorgold.com |
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|
Bankside Consultants Ltd |
+44 (0) 20 7367 8888 | |||
| Simon Rothschild | ||||
| Oliver Winters | ||||
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Cenkos Securities plc |
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| Beth McKiernan | +44 (0) 20 7397 8900 | |||
|
Old Park Lane Capital PLC |
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| Forbes Cutler, Director of Corporate Broking | +44 (0) 20 7518 2603 | |||
|
Barry Kaplan Associates |
+1 732 747 0702 | |||
| Larry Kaplan | ||||
Old Park Lane Capital plc (“OPL”), which is authorised and regulated in the United Kingdom by The Financial Services Authority, is acting exclusively for the Company as, joint broker and placing agent in connection with the Placing. OPL is not acting for any other person and will not be responsible to anyone other than the Company for providing the protections afforded to clients of OPL or for advising any other person in relation to the Placing The new Ordinary Shares have not been, nor will be, registered under the United States Securities Act of 1933 (as amended) or under the securities legislation of any state of the United States of America or of any province or territory of Canada, Australia, Japan, the Republic of Ireland or the Republic of South Africa. There will be no public offering of the new Ordinary Shares in the United States. Subject to certain exceptions, the new Ordinary Shares may not be directly or indirectly offered, sold, transferred, taken up or delivered in, into or from the United States, Canada, Australia, Japan, the Republic of Ireland or the Republic of South Africa or their respective territories or possessions. This announcement does not constitute an offer to sell or issue or the solicitation of an offer to buy new Ordinary Shares in any jurisdiction in which such offer or solicitation is unlawful. Accordingly, copies of this announcement are not being and must not be mailed or otherwise distributed or sent in or into or from the United States, Canada, Australia, Japan, the Republic of Ireland or the Republic of South Africa and any person receiving this announcement (including custodians, nominees and trustees) must not distribute or send it in or into or from the United States, Canada, Australia, Japan, the Republic of Ireland or the Republic of South Africa. This announcement has not been approved by Cenkos or OPL for the purposes of section 21 of the Financial Services and Markets Act 2000. This announcement has not been examined or approved by The Financial Services Authority or the London Stock Exchange or any other regulatory authority.
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