1st Feb 2006 13:49
Mercator Gold PLC01 February 2006 MERCATOR GOLD PLC ("Mercator Gold" or "the Company") Issue of Equity London - 1 February 2006 - Mercator Gold plc (AIM: MCR) Under the terms of the Agreement for the purchase of the mining and explorationassets at Meekatharra acquired from St Barbara Limited ("SBM"), the Company hasissued a further 92,579 new ordinary shares to SBM as final consideration forthe exchange rate movement in the Sterling versus Australian Dollar up to thedate of settlement. Application will be made for the new ordinary shares, which will rank pari passuwith existing ordinary shares, to be admitted to trading on AIM. SBM now holds 11,016,949 shares which represents 28% of the issued share capitalof the Company. These shares are subject to a "lock in" agreement for a periodof 12 months from admission. For further information, please contact: Mercator Gold plcPatrick Harford, Managing Director +44 (0) 7786 486645Terry Strapp, Chairman +61 (0) 8 9322 7422Michael de Villiers, Finance Director +44 (0) 207 929 1010www.mercatorgold.com Beaumont Cornish LimitedRoland Cornish + 44 (0) 20 7628 3396 King & Shaxson Capital LtdNick Bealer + 44 (0) 20 7426 5986 Ocean Equities Ltd + 44 (0) 20 7786 4375Will Slack Parkgreen CommunicationsJustine Howarth/Ana Ribeiro + 44 (0) 20 7493 3713 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
ECR Minerals