Mercer Resources Share Discussion Threads

[moreforus] 27/5/2014 10:53

max buy now 750k at 1.07p

[still waiting] 27/5/2014 10:51

a deal is clearly very close now.

[moreforus] 27/5/2014 10:49

lol back on a 50k dump.....bit premature given then news....

[still waiting] 27/5/2014 10:35

maybe once we've done 100% they'll chase it..

major new overseas holder buying into AIM microcap..

[moreforus] 27/5/2014 10:31

+13.2%

market still asleep....

[oilbuy] 27/5/2014 10:23

SW.

You could be right !!!

On a positive not AVP up 2.3%

[moreforus] 27/5/2014 10:23

max buy 750k at 1.1p....

[still waiting] 27/5/2014 10:17

oilbuy, MCR may just beat AVP to a deal..

[moreforus] 27/5/2014 10:17

The capital raised will provide Mercer with the financial flexibility to advance a number of strategic investment discussions and the implementation of its investing policy.

The board is currently reviewing a number of possible investment opportunities and will update shareholders of progress in due course.

[oilbuy] 27/5/2014 10:15

Interesting !!!

[moreforus] 27/5/2014 10:14

Inversiones Bergamo Ltd has subscribed for 9,300,000 of the Subscription Shares, which will represent 10.4 per cent. of the Enlarged Share Capital. Inversiones Bergamo Ltd has also subscribed for GBP57,000 of the Loan Notes.

[still waiting] 27/5/2014 10:13

any details on our new 10% shareholder?

[moreforus] 27/5/2014 10:12

why would anyone pay a premium for a shell??

last weasel was 0.75

this was 1p with stock on offer at 0.95!!!!

[still waiting] 27/5/2014 10:12

turning upwards now.

[still waiting] 27/5/2014 10:11

deal in the wings?

[moreforus] 27/5/2014 10:09

1p mini weasel!!

TIDMMCR

RNS Number : 0973I

Mercer Resources PLC

27 May 2014

Mercer Resources Plc (AIM: MCR)

Issue of Equity & Convertible Loan Notes

The Board of Mercer Resources Plc ("Mercer" or the "Company") is pleased to announce that it has raised GBP193,500 (before expenses) from two professional investors by way of a combination of subscription for new ordinary shares of 0.1 pence each ("Subscription Shares") in the share capital of the Company and issue of convertible loan notes.

The capital raised will provide Mercer with the financial flexibility to advance a number of strategic investment discussions and the implementation of its investing policy. The board is currently reviewing a number of possible investment opportunities and will update shareholders of progress in due course.

The Company will issue 10,333,333 Subscription Shares at 1p per share raising GBP103,333 and GBP90,167 loan notes convertible into new ordinary shares at 1p ("Loan Notes").

The Loan Notes, which do not carry a coupon, are convertible at any time until 19 May 2017, at which time, if not converted, the Loan Notes will become repayable in a single instalment. On full conversion the note holders would receive 9,016,700 ordinary shares of 0.1 pence each.

The Subscription Shares will rank pari passu with the existing ordinary shares of 0.1 pence each in the Company (the "Ordinary Shares"). Application has been made for admission of the Subscription Shares to trading on AIM and it is expected that dealings in the Subscription Shares will commence on or around 2 June 2014.

Following the issue of the Subscription Shares, there will be 89,479,136 Ordinary Shares in issue ("Enlarged Share Capital"). This number may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company.

Inversiones Bergamo Ltd has subscribed for 9,300,000 of the Subscription Shares, which will represent 10.4 per cent. of the Enlarged Share Capital. Inversiones Bergamo Ltd has also subscribed for GBP57,000 of the Loan Notes.

Enquiries:

[swizz] 25/5/2014 20:14

Will we see news in the week ahead alongside finals?....end of May will be 5 months post year end.......GL S

[mike111d] 23/5/2014 12:39

As ever, time will tell.

[oilbuy] 23/5/2014 12:36

Indeed swizz. Hopefully the admission document will be released by May end.

[swizz] 23/5/2014 12:27

OB, Care to expand on that one?.....or is your thinking that Trevor and the Stanhill team will be tied up there?.....GL S

[oilbuy] 23/5/2014 12:22

The MEN delay in readmission could also have a bearing on things here.

[moreforus] 23/5/2014 12:10

maybe a delayed buy to come?

[swizz] 23/5/2014 12:09

Despite the lack of activity, On line limits trimmed a touch with Barcs to 750,000 at 0.99p......GL S

[moreforus] 23/5/2014 08:22

i expect people are hoping to get in cheaper....but that will only happen if some sellers pop up

roughly 1 mill available at just under 1p....

[swizz] 23/5/2014 08:19

SW, Let's see what the day ahead brings? ....we have had busy Friday's in recent weeks........GL S