Mercator Minerals Announces $20 Million Non Brokered Financing
Mercator Minerals Ltd. today announced that it has arranged a non-brokered private placement with purchasers to purchase 11,428,572 units at a purchase price of $1.75 per Unit for aggregate gross proceeds of $20 million. The sale of the Units under the Offering has been fully allocated to a limited number of accredited purchasers, and is subject to necessary regulatory approvals and the execution and delivery of customary documentation.