Mercator Minerals Ltd MLKKF

Metals & Mining Industrial Metals & Minerals

Mercator Minerals, Ltd. is a mineral resource company engaged in the mining, exploration, development and operation of its mineral properties in Arizona, United States and Sonora, Mexico. The Company’s principal assets are the 100% owned Mineral Park Mine, a producing copper-moly mine located near Kingman, Arizona and the El Pilar Project located in Sonora Mexico. The primary focus of the Company is the expansion of copper production and molybdenum concentrate production at the Mineral Park Mine, and the development of the El Pilar Project. Its other projects include The El Creston molybdenum property, which is 175 kilometers south of the United States Border and 145 kilometers northeast of the city of Hermosillo; Molybrook, which is located on the south coast of Newfoundland, and Ajax, which is located 13 kilometers north of Alice Arm, British Columbia.

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Mercator Minerals Ltd

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Comment by brendellyon Feb 20, 2009 1:13pm

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Post# 15793238

RE: RE: RE: zapstocks - Check NR's on Stockwatch

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VANCOUVER, Jan. 29 /CNW/ - Mercator Minerals Ltd. ("Mercator") is pleased
to announce that it has closed its previously announced "bought deal"
financing. Mercator has sold to a syndicate of underwriters, 33,349,425 units
(each a "Unit"), of which 4,349,925 Units were issued pursuant to the exercise
in full of the over-allotment option granted to the underwriters, to raise
gross proceeds of $23.3 million. Each Unit was comprised of one common share
(the "Common Shares") and one-half of one common share purchase warrant (the
"Warrants"). Each Warrant entitles the holder to purchase one additional
Common Share of the Company at a price of C$1.00 per share for four years
after closing. The syndicate of underwriters was led by Blackmont Capital Inc.
and included Acumen Capital Finance Partners Limited, Jennings Capital Inc.
and Scotia Capital Inc.
The Warrants are listed on the Toronto Stock Exchange under the symbol
ML.WT.A. Together with the Company's currently outstanding Common Shares, the
Common Shares issued on the financing will also commence trading today on the
Toronto Stock Exchange under the symbol ML.