Harford comments19 Apr 2010 17:44
Patrick Harford, Managing Director of Mercator Gold plc, comments:
"The SEDA provides Mercator with a flexible financing capacity that will underpin its development strategy.
YA Global will purchase Shares under the SEDA in amounts and at times determined by Mercator, enabling the Company to time such purchases so as to minimise dilution.
The implementation of the SEDA is a very positive step for Mercator, and will enhance the Company's ability to develop its current portfolio of assets and take advantage of new opportunities."