Latest Mercator Minerals (MLKKF) Headlines
Interim Govt Resigns
All Africa Global Media - Tue Feb 25, 5:34AM CST
The Egyptian government resigned on Monday, Prime Minister Hezam el-Beblawi said in a press conference.
Mercator Minerals Files Technical Report on Intergeo MMC Ltd's Ak-Sug Copper Project
Marketwire - Mon Jan 27, 6:25PM CST
Mercator Minerals Ltd. (TSX: ML) (the "Company" or "Mercator"), in connection with the proposed business combination between the Company and Intergeo MMC Ltd., as announced on December 12, 2013, the Company has filed today, under Mercator's profile on SEDAR (www.sedar.com), the Preliminary Economic Assessment Report ("PEA") on Intergeo MMC Ltd's Ak-Sug copper project. The PEA, dated November 8, 2012, was prepared in accordance with National Instrument 43-101 and can also be found on the Company's website.
Mercator Minerals Provides Update on the Amended and Restated Mineral Park Credit Facility
Marketwire - Mon Jan 20, 7:01AM CST
Mercator Minerals Ltd (TSX: ML) (the "Company" or "Mercator") announces that further to the December 12, 2013 press release announcing the proposed business combination between Mercator and Intergeo MMC Ltd. (the "Transaction"), in accordance with the terms of the amended and restated Mineral Park Credit Facility associated with the Transaction, Mineral Park Inc. ("MPI") has entered into copper forward sale contracts totaling 52,963,526 pounds at a price of $3.29 per pound with deliveries due to commence under the contracts effective May 1, 2014. The new hedging program was designed to closely resemble the volumes of the original hedging program closed out in October 2013. Details include:
Mercator Minerals Confirms Closing on Bridge Loan
Marketwire - Mon Dec 23, 1:20PM CST
(All dollars are US$, unless otherwise noted)
IIROC Trade Resumption - Mercator Minerals Ltd.
Newsfile Corp - Thu Dec 12, 7:27AM CST
Trading resumes in:
Mercator Minerals and Intergeo Combine to Create a New Copper-Focused Base Metals Company
Marketwire - Wed Dec 11, 11:14PM CST
Mercator Minerals Ltd. (TSX: ML) and Intergeo MMC Ltd -
IIROC Trade Halt - Mercator Minerals Ltd.
Newsfile Corp - Wed Dec 11, 12:32PM CST
The following issues have been halted by IIROC:
Mercator Minerals Provides Further Update on the Mineral Park Credit Facility
Marketwire - Fri Dec 06, 8:42AM CST
Mercator Minerals Ltd. (TSX: ML) ("Mercator" or "Company") announces, further to the September 30, 2013, October 31, 2013, November 15, 2013 and November 29, 2013 press releases, the Company and its indirect wholly owned subsidiary, Mineral Park Inc. ("MPI"), has been advised by the syndicate of lenders (the "Lenders") under the MPI credit facility ("Credit Facility") that an extension of the forbearance in exercising any remedies under the Credit Facility and waiver of certain other covenants until December 13, 2013 will be granted. The Company expects to receive executed documents to that effect prior to the close of business on December 6, 2013. As with previous forbearances, this may be extended beyond December 13, 2013 with the approval of the requisite Lenders.
Mercator Minerals Provides Update on the Mineral Park Credit Facility
Marketwire - Fri Nov 29, 7:01AM CST
Mercator Minerals Ltd. (TSX: ML) ("Mercator" or "Company") announces, further to the September 30, 2013, October 31, 2013 and November 15, 2013 press releases, the Company and its indirect wholly owned subsidiary, Mineral Park Inc. ("MPI"), has been advised by the syndicate of lenders (the "Lenders") under the MPI credit facility ("Credit Facility") that an extension of the forbearance in exercising any remedies under the Credit Facility and waiver of certain other covenants until December 6, 2013 will be granted. The Company expects to receive executed documents to that effect prior to the close of business on November 29, 2013. As with previous forbearances, this may be extended beyond December 6, 2013 with the approval of the requisite Lenders.
Mercator Minerals Announces Extension of Waiver for the Mineral Park Credit Facility
Marketwire - Fri Nov 15, 5:10PM CST
Mercator Minerals Ltd. (TSX: ML) ("Mercator" or "Company") announces, further to the September 30, 2013 and October 31, 2013 press releases, the Company and its indirect wholly owned subsidiary, Mineral Park Inc. ("MPI"), have entered into ancillary documentation with the syndicate of lenders (the "Lenders") under the MPI credit facility ("Credit Facility") to extend the forbearance in exercising any remedies under the Credit Facility and waive certain other covenants until November 29, 2013. The forbearance can be extended beyond November 29, 2013 with the approval of the requisite Lenders.
Mercator Minerals Reports Third Quarter 2013 Results
Marketwire - Thu Nov 14, 11:12PM CST
Mercator Minerals Ltd (TSX: ML) ("Mercator" or the "Company") today announced its financial and operating results for the three month and nine month period ended September 30, 2013. For the third quarter 2013 ("Q3 2013"), the Company reported revenues of $49.4 million, an operating loss of $3.5 million before asset impairment charge(i), a net loss of $151.9 million ($0.48 per share, basic), or an adjusted net loss(i) of $7.9 million ($0.03 per share). Included in the net loss is $167.8 million (or $0.53 per share) non-cash accounting charge for the impairment of the El Creston project and Mineral Park mine.
Sattva Capital Announces Supreme Court of Canada Hearing Date and Intervention by Third Parties
Marketwire - Wed Nov 06, 7:02AM CST
Sattva Capital today announced the Supreme Court has set a date of December 12, 2013 to hear oral arguments involving our case. Sattva Capital will appear as Appellant. Creston Moly, a wholly-owned subsidiary of Mercator Minerals, will appear as Respondent.
Interim Govt Resigns
All Africa Global Media - Tue Feb 25, 5:34AM CST
The Egyptian government resigned on Monday, Prime Minister Hezam el-Beblawi said in a press conference.
Mercator Minerals Files Technical Report on Intergeo MMC Ltd's Ak-Sug Copper Project
Marketwire - Mon Jan 27, 6:25PM CST
Mercator Minerals Ltd. (TSX: ML) (the "Company" or "Mercator"), in connection with the proposed business combination between the Company and Intergeo MMC Ltd., as announced on December 12, 2013, the Company has filed today, under Mercator's profile on SEDAR (www.sedar.com), the Preliminary Economic Assessment Report ("PEA") on Intergeo MMC Ltd's Ak-Sug copper project. The PEA, dated November 8, 2012, was prepared in accordance with National Instrument 43-101 and can also be found on the Company's website.
Mercator Minerals Provides Update on the Amended and Restated Mineral Park Credit Facility
Marketwire - Mon Jan 20, 7:01AM CST
Mercator Minerals Ltd (TSX: ML) (the "Company" or "Mercator") announces that further to the December 12, 2013 press release announcing the proposed business combination between Mercator and Intergeo MMC Ltd. (the "Transaction"), in accordance with the terms of the amended and restated Mineral Park Credit Facility associated with the Transaction, Mineral Park Inc. ("MPI") has entered into copper forward sale contracts totaling 52,963,526 pounds at a price of $3.29 per pound with deliveries due to commence under the contracts effective May 1, 2014. The new hedging program was designed to closely resemble the volumes of the original hedging program closed out in October 2013. Details include:
Mercator Minerals Confirms Closing on Bridge Loan
Marketwire - Mon Dec 23, 1:20PM CST
(All dollars are US$, unless otherwise noted)
IIROC Trade Resumption - Mercator Minerals Ltd.
Newsfile Corp - Thu Dec 12, 7:27AM CST
Trading resumes in:
Mercator Minerals and Intergeo Combine to Create a New Copper-Focused Base Metals Company
Marketwire - Wed Dec 11, 11:14PM CST
Mercator Minerals Ltd. (TSX: ML) and Intergeo MMC Ltd -
IIROC Trade Halt - Mercator Minerals Ltd.
Newsfile Corp - Wed Dec 11, 12:32PM CST
The following issues have been halted by IIROC:
Mercator Minerals Provides Further Update on the Mineral Park Credit Facility
Marketwire - Fri Dec 06, 8:42AM CST
Mercator Minerals Ltd. (TSX: ML) ("Mercator" or "Company") announces, further to the September 30, 2013, October 31, 2013, November 15, 2013 and November 29, 2013 press releases, the Company and its indirect wholly owned subsidiary, Mineral Park Inc. ("MPI"), has been advised by the syndicate of lenders (the "Lenders") under the MPI credit facility ("Credit Facility") that an extension of the forbearance in exercising any remedies under the Credit Facility and waiver of certain other covenants until December 13, 2013 will be granted. The Company expects to receive executed documents to that effect prior to the close of business on December 6, 2013. As with previous forbearances, this may be extended beyond December 13, 2013 with the approval of the requisite Lenders.
Mercator Minerals Provides Update on the Mineral Park Credit Facility
Marketwire - Fri Nov 29, 7:01AM CST
Mercator Minerals Ltd. (TSX: ML) ("Mercator" or "Company") announces, further to the September 30, 2013, October 31, 2013 and November 15, 2013 press releases, the Company and its indirect wholly owned subsidiary, Mineral Park Inc. ("MPI"), has been advised by the syndicate of lenders (the "Lenders") under the MPI credit facility ("Credit Facility") that an extension of the forbearance in exercising any remedies under the Credit Facility and waiver of certain other covenants until December 6, 2013 will be granted. The Company expects to receive executed documents to that effect prior to the close of business on November 29, 2013. As with previous forbearances, this may be extended beyond December 6, 2013 with the approval of the requisite Lenders.
Mercator Minerals Announces Extension of Waiver for the Mineral Park Credit Facility
Marketwire - Fri Nov 15, 5:10PM CST
Mercator Minerals Ltd. (TSX: ML) ("Mercator" or "Company") announces, further to the September 30, 2013 and October 31, 2013 press releases, the Company and its indirect wholly owned subsidiary, Mineral Park Inc. ("MPI"), have entered into ancillary documentation with the syndicate of lenders (the "Lenders") under the MPI credit facility ("Credit Facility") to extend the forbearance in exercising any remedies under the Credit Facility and waive certain other covenants until November 29, 2013. The forbearance can be extended beyond November 29, 2013 with the approval of the requisite Lenders.
Mercator Minerals Reports Third Quarter 2013 Results
Marketwire - Thu Nov 14, 11:12PM CST
Mercator Minerals Ltd (TSX: ML) ("Mercator" or the "Company") today announced its financial and operating results for the three month and nine month period ended September 30, 2013. For the third quarter 2013 ("Q3 2013"), the Company reported revenues of $49.4 million, an operating loss of $3.5 million before asset impairment charge(i), a net loss of $151.9 million ($0.48 per share, basic), or an adjusted net loss(i) of $7.9 million ($0.03 per share). Included in the net loss is $167.8 million (or $0.53 per share) non-cash accounting charge for the impairment of the El Creston project and Mineral Park mine.
Sattva Capital Announces Supreme Court of Canada Hearing Date and Intervention by Third Parties
Marketwire - Wed Nov 06, 7:02AM CST
Sattva Capital today announced the Supreme Court has set a date of December 12, 2013 to hear oral arguments involving our case. Sattva Capital will appear as Appellant. Creston Moly, a wholly-owned subsidiary of Mercator Minerals, will appear as Respondent.
