By Devika Patel
Knoxville, Tenn., July 9 - Mercator Gold plc announced it will take in £4 million in a private placement of shares.
The company will sell up to 10 million ordinary shares at 40p each.
Cenkos Securities plc and Ocean Equities Ltd. are the agents.
Proceeds will be used to expedite pre-stripping at the company's Bluebird deposit.
Mercator is a London-based gold mining company.
| Issuer: | Mercator Gold plc
|
| Issue: | Ordinary shares
|
| Amount: | £4 million
|
| Shares: | 10 million
|
| Price: | 40p
|
| Warrants: | No
|
| Agents: | Cenkos Securities plc, Ocean Equities Ltd.
|
| Pricing date: | July 9
|
| Stock symbol: | London: MCR
|
| Stock price: | 38p at close July 8
|
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