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Additional Information
Market: AIM
Sector: Gold Mining
Epic: MCR
News: Latest news
Web Site: Mercator Gold
Other Articles: 09-07-201030-06-201021-06-2010

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Thursday September 09, 07:08Amphion’s Unique Approach to Innovation

Investors in Amphion should should keep an eye on further developments at Kromek. The business could be floated during Q1 2011, at which point Amphion’s 16% stake should be worth far more than the last valuation of £9m.

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Wednesday September 08, 10:42African Energy Resources encouraged by coal results at Sese, seeks cornerstone partner

With the coal quality, thickness and shallow depth, it augurs well for potential commercial coal production for African Energy at Sese in Botswana.

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Tuesday September 07, 08:12MetroCoal re-affirms Columboola coal Resource yet to be completed

Emerging coal-focused energy company MetroCoal (ASX: MTE) has clarified that it has not completed any resource estimate or report on its Columboola Project area in Queensland's Surat Basin.

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Mercator Gold

Mercator Gold

Mercator Gold plc is a diversified mining investment company with quality assets and the capability to undertake significant, value accretive transactions. Mercator is dedicated to creating value for its shareholders through a process of finding value, adding value and realising value. In order to achieve this, Mercator is able to access a pipeline of projects sourced from its global network and utilises the expertise of its directors and advisers.

Mercator holds an exclusive option over the Copper Flat project, a porphyry copper-molybdenum-gold-silver deposit in the Las Animas mining district of New Mexico, United States and a former producing mine. It is believed that the Copper Flat project, which has significant infrastructure in place, could be brought back into production within a relatively short timeframe for a relatively low capital outlay.

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Monday, March 15, 2010

Mercator Gold raises £422,500 through placing

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Mercator Gold (AIM: MCR, OTC: MTGDY) has raised £422,500 through a placing of 16.9m new shares at 2.5p each. The placing was carried out by Old Park Lane Capital (OPL), and shares were predominantly placed with institutional and ultra high net worth investors.

“We are very encouraged by the continued support of our existing shareholders and we welcome our new investors in this placing, which provides the company with the financial flexibility to develop existing projects and pursue new projects of merit”, Mercator Gold MD Patrick Harford commented.

The placing shares are expected to be admitted to AIM with effect from 19 March 2010.

In its full-year results for the 12-months ended 30 September 2009, reported last week, Mercator reported revenues of £4.06m, against nil in the year to June 30th 2008. Pre-tax loss narrowed to £4.4m against £31.9m in the comparative period when Mercator booked a £30m impairment charge after it was forced to close down its Meekatharra gold mining operation due to spiralling costs.

The company is currently diversifying its resource portfolio with potential uranium projects in the pipeline. Last week, Mercator said it is re-establishing itself with a range of assets beyond those that were envisaged at the time of the AIM flotation in October 2004. “In moving forward to a new future it is proposed by the board that the company be renamed Electrum Minerals PLC and a special resolution to this effect will be put to shareholders at the AGM."

Earlier this month, Mercator announced it had entered into a binding agreements to acquire up to 70% in all of Uranio AG’s (XETRA: UAI) exploration and mining licences in Argentina. A four-month due diligence period is currently underway.

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