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Issue of Equity

19th Jan 2010 14:08

MERCATOR GOLD plc

("Mercator Gold", "Mercator" or "the Company")

ISSUE OF EQUITY

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 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.

For further information please contact

Mercator Gold plc

Michael Silver, Chairman Tel: +44 (0) 20 7929 1010
Patrick Harford, Managing Director

Email: [email protected]

Website: www.mercatorgold.com

Bankside Consultants Ltd

Tel: +44 (0) 20 7367 8888
Simon Rothschild
Oliver Winters

Cenkos Securities plc

Beth McKiernan Tel: +44 (0) 20 7397 8900

Old Park Lane Capital PLC

Forbes Cutler, Director of Corporate Broking Tel: +44 (0) 20 7518 2603

AIM: MCR

ADR: MTDGY

Copyright Business Wire 2010


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