Key Developments: Mercator Minerals Ltd (ML.TO)

ML.TO on Toronto Stock Exchange

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25 Jul 2014
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Latest Key Developments (Source: Significant Developments)

Mercator Minerals Ltd provides update on combination with Intergeo MMC Ltd
Thursday, 17 Apr 2014 08:00am EDT 

Mercator Minerals Ltd:Says it has received a final order from the Supreme Court of British Columbia and all necessary Canadian and U.S. governmental regulatory approvals with respect to the proposed business combination between Mercator and Intergeo MMC Ltd.  Full Article

Intergeo buys Mercator Minerals Ltd - Reuters
Thursday, 12 Dec 2013 04:07am EST 

Mercator Minerals Ltd:Says Mikhail Prokhorov has agreed to buy Mercator Minerals Ltd for $100 million through his mining company Intergeo to form a copper-focused base metals producer - Reuters.The combined company will be renamed Intergeo Mining Ltd. Intergeo's shareholders will own about 85 percent and Mercator shareholders will own about 15 percent of the combined firm.  Full Article

Mercator Minerals Ltd to merge with Russian mining firm Intergeo - Reuters
Thursday, 12 Dec 2013 03:11am EST 

Mercator Minerals Ltd:Says it plans to merge with mining company Intergeo, to form a copper-focused base metals producer - Reuters.  Full Article

Mercator Minerals Ltd Announces Intention to Terminate SEC Reporting Obligations
Tuesday, 8 Jan 2013 07:19pm EST 

Mercator Minerals Ltd announced that the Board of Directors has unanimously approved the voluntary filing of the Form 15F with the United States Securities and Exchange Commission (SEC) to terminate its SEC reporting obligations and the registration of its common shares under the Securities Exchange Act of 1934, as amended (the Exchange Act). Under SEC rules, a foreign private issuer such as the Company may deregister a class of its securities under the Exchange Act, and terminate the associated reporting obligations, if, among other conditions, the average daily trading volume of the class of securities in the United States for a recent 12 month period has been not greater than 5% of the average daily trading volume of that class of securities on a worldwide basis. The Company believes that the costs associated with continuing the registration of its common shares under the Exchange Act, including the costs associated with complying with the requirements of the Sarbanes-Oxley Act of 2002, exceed the benefits received by the Company from maintaining its registration. The Company expects that termination of the registration of its common shares will become effective 90 days after the date of filing of the Form 15F with the SEC. However, as a result of the filing of a Form 15F, the Company's obligation to file certain reports with the SEC will be immediately suspended.  Full Article

Nevada Copper Corp Completes Purchase Of 17.8% Of Mercator Minerals Ltd
Tuesday, 9 Oct 2012 04:05pm EDT 

Nevada Copper Corp announced that it has completed the purchase (the Purchase) of 46,000,000 common shares (the Mercator Shares) of Mercator Minerals Ltd. (Mercator), representing approximately 17.8% of the issued and outstanding common shares of Mercator, from Pala Investments Limited (Pala Investments) in consideration for the issuance of 7,315,000 common shares of the Company issued at a deemed price of $3.37 per share. The Purchase was completed by way of a private transaction pursuant to a share purchase agreement between the Company and Pala Investments dated October 4, 2012, as announced on October 5, 2012.  Full Article

Nevada Copper Corp To Purchase 17.8% Interest Of Mercator Minerals, Ltd. From Pala Investments
Friday, 5 Oct 2012 07:00am EDT 

Nevada Copper Corp announced that it has entered into a share purchase agreement with Pala Investments Limited dated October 4, 2012, pursuant to which Nevada Copper has agreed to purchase an aggregate of 46,000,000 common shares of Mercator Minerals Ltd. representing approximately 17.8% of the issued and outstanding common shares of Mercator from Pala Investments in consideration for the issuance of 7,315,000 common shares of Nevada Copper. Completion of the Share Purchase will occur upon satisfaction or waiver of such conditions but in any event on or before October 12, 2012. Upon completion of the Share Purchase, Pala Investments will hold an aggregate of 34,696,981 common shares of the Company representing approximately 43.1% of the then-issued and outstanding common shares of the Company.  Full Article

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