ECR Minerals Regulatory News (ECR)

18 Jan 2006 12:41

Mercator Gold PLC18 January 2006 MERCATOR GOLD PLC ("Mercator Gold" or the "Company") Results of Extraordinary General Meeting ("EGM") London 18 January 2006 - Mercator Gold Plc (AIM: MCR)The Company is pleased to announce that at the EGM held earlier today, all theresolutions were duly passed, including those necessary to approve theacquisition of the gold exploration and mining assets at Meekatharra, theplacing and the 1 for 10 share consolidation. The Company is also pleased to announce that it has raised £9,115,000 beforeexpenses (in addition to the £1,000,000 raised via the convertible loan note inDecember 2005) under the placing and this will allow the Company to complete theacquisition. Following the issue of the new shares in relation to the acquisition and theplacing and following the share consolidation, there will be a total of39,118,350 ordinary shares (of 10p par value) in issue and these are expected tocommence trading on AIM on Friday, 20 January 2006. On admission to AIM, the Directors' shareholdings in the Company will be: Number of issued Percentage of issued Number of Number of Ordinary shares Ordinary shares Warrants options Terrence Strapp 120,000 0.31% Nil 475,000Patrick Harford 1,650,000 4,22% Nil 1,100,000Michael de Villiers 227,000 0.58% 67,000 325,000Dr. Julian Vearncombe 360,000 0.92% 40,000 575,000Michael Elias 20,000 0.05% Nil 125,000Nick Allen Nil - Nil 125,000 Note: Existing shareholders who are uncertain as to the number of shares theywill hold following the share consolidation should consult an independentfinancial adviser authorised under the Financial Services and Markets Act 2000. For further information please contact: Mercator Gold plcPatrick Harford, Managing Director Tel: +44 (0) 7786 486645Terry Strapp, Chairman Tel : +61 (0) 8 9322 7422Michael de Villiers, Finance Director Tel: +44 (0) 2079291010Email: info@mercatorgold.comWeb: www.mercatorgold.com Beaumont Cornish LimitedRoland Cornish / Felicity Geidt Tel: +44 (0) 20 7628 3396Ocean Equities LimitedWill Slack Tel: +44 (0) 20 7786 4375 King & Shaxson Capital LtdNick Bealer Tel: +44 (0) 20 7426 5986Parkgreen CommunicationsJustine Howarth / Ana Ribeiro Tel: +44 (0) 20 7493 3713 This information is provided by RNS The company news service from the London Stock Exchange