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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Post by twonxanityon Feb 15, 2011 7:25pm

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Post# 18139957

In Takeover what Happens to Warrants?

I have a bunch of A warrants but I am wondering what would I have to do in the event of a takeover. I understand they will be honoured by the acquirer buy my question is about the excercising.

Would I have to pay the $1 per warrant to turn them into shares and then these shares would be bought out or would the warrants just be taken at there proportional price to the shares, for example 80% of the common stock takeover price.

Thanks

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