Mercator meeting for £2.57 million in convertibles slated for Sept. 29

By Devika Patel

Knoxville, Tenn., Sept. 15 - Mercator Gold plc said its extraordinary meeting will be held at 7 a.m. ET on Sept. 29, not on Sept. 28 as it had announced Tuesday.

As previously reported, the meeting is being held to obtain investor approval to vary the terms of the company's £2.57 million in unsecured convertible loan notes.

The company is seeking to extend the notes' maturity by three years to Oct. 17, 2013. It also hopes to change the conversion price to 1.1p and fix the interest rate at 10% per year. All other terms of the notes will be unchanged.

Mercator is a London-based gold mining company.

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