Mercator Minerals Provides Update on Combination With Intergeo
02 Juni 2014 - 11:30PM
Marketwired
Mercator Minerals Provides Update on Combination With Intergeo
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jun 2, 2014) -
Mercator Minerals Ltd. (TSX:ML) ("Mercator" or the "Company")
announces that in connection with the proposed business combination
between Mercator and Intergeo MMC Ltd ("Intergeo") announced on
December 12, 2013 (the "Arrangement") and with respect to the
request for information regarding the terms and conditions of the
Arrangement from the Russian Federal Anti-Monopoly Services ("FAS")
(see April 29, 2014 and April 17, 2014 press releases), Mercator
has submitted an application to FAS to confirm that FAS approval is
not required in connection with the Arrangement and, if it is
ultimately determined by FAS to be required, to obtain such
approval.
Completion of the Arrangement remains subject to final
acceptance of the Arrangement by the TSX and the satisfaction or
waiver of all remaining conditions precedent, all of which are
proceeding. Mercator will continue to provide updates as the
Arrangement advances towards completion.
About Mercator Minerals Ltd.
Mercator Minerals Ltd., a TSX listed base metals mining
company, operates the wholly‐owned copper/molybdenum/silver Mineral
Park Mine in Arizona, USA. Mercator also wholly‐owns two
development projects in Sonora, Mexico: the copper heap leach El
Pilar project and the molybdenum/copper El Creston
project.
On Behalf of the Board of Directors
MERCATOR MINERALS LTD.
D. Bruce McLeod, P.Eng, President and CEO
Forward-Looking Information
This news release contains certain forward-looking information
within the meaning of Canadian securities legislation and
forward-looking statements within the meaning of the United States
Private Securities Litigation Reform Act of 1995. Forward-looking
statements relate to future events or future performance and
reflect the expectations or beliefs regarding future events of
management of Mercator. When used in this document, the words
"anticipates", "may", "can", "believes", "expects", "projects",
"intends", "likely", "will", "to be" or the negative of these terms
and any similar expressions and any other statements that are not
historical facts, in each case as they relate to Mercator, the
Arrangement with Intergeo or the combined company are intended to
identify those assertions as forward-looking information and
statements. In making such statements, the Company believes that
its expectations are based on reasonable assumptions. However, any
such statement may be influenced by factors that could cause actual
outcomes and results to be materially different from those
projected or anticipated. This information and these statements,
referred to herein as "forward-looking statements", are not
historical facts, are made as of the date of this news release and
include without limitation, statements regarding discussions of
future plans, authorizations, approvals, applications and
statements as to management's expectations with respect to, among
other things, the receipt of any and all necessary regulatory
approvals, third party consents, authorizations and the
satisfaction of conditions precedent to the completion of the
Arrangement may constitute forward-looking statements. These
forward-looking statements involve numerous risks and uncertainties
and actual results may vary.
Important factors that may cause actual results to vary include
without limitation, certain transactions, the successful completion
of the Arrangement with Intergeo, and the ability to meet
obligations under certain credit facilities and other debt
instruments, the timing and receipt of certain approvals, and
unanticipated events related to political risk, social unrest, and
changes in general economic conditions or conditions in the
financial markets. In making the forward-looking statements in this
news release, the Company has applied several material assumptions,
including without limitation, the assumptions that the receipt of
necessary consents, determinations and approvals and satisfaction
of all conditions precedent for the completion of the Arrangement
with Intergeo (and for draw down of any funds under the amended
bridge loan) will be obtained or achieved in a timely manner.
Certain of the risks and assumptions are described in more detail
in Mercator's Annual Information Form as well as in Mercator's
Annual and Interim Financial Statements and MD&A for the year
ended December 31, 2013 and three months ended March 31, 2014
respectively on the SEDAR website at www.sedar.com. The actual
results or performance by Mercator could differ materially from
those expressed in, or implied by, any forward-looking statements
relating to those matters. Accordingly, no assurances can be given
that any of the events anticipated by the forward-looking
statements will transpire or occur, or if any of them do so, what
impact they will have on the results of operations or financial
condition of Mercator. Except as required by law, the Company is
under no obligation, and expressly disclaims any obligation, to
update, alter or otherwise revise any forward-looking statement,
whether written or oral, that may be made from time to time,
whether as a result of new information, future events or otherwise,
except as may be required under applicable securities laws.
Mercator Minerals Ltd.D. Bruce McLeod, P.Eng.President &
CEO778.330.1290bmcleod@mercatorminerals.comMercator Minerals
Ltd.David Jan, CPA, CAHead of Investor Relations &
Communications778.330.1295djan@mercatorminerals.comwww.mercatorminerals.com