Mercator Minerals Ltd. (TSX: T.ML, Stock Forum) climbed 100% to nine cents as investors assessed the news that the resource company and Intergeo MMC Ltd., a privately held mineral resource company, have been combined to create a new copper-focused base metal company. In connection with the transaction, Daselina Investments Ltd., Intergeo’s controlling shareholder, has agreed to invest US$100 million plus an amount equal to the accrued interest under the bridge loan via a private placement in the combined company at a subscription price of US$0.1224 per share.
Menu
Menu
