Mercator Minerals Ltd. ("Mercator" or the "Company") announces that it has received a final order from the Supreme Court of British Columbia and all necessary Canadian and U.S. governmental regulatory approvals with respect to the proposed business combination between Mercator and Intergeo MMC Ltd ("Intergeo") announced on December 12, 2013 (the "Arrangement").
Mercator and Intergeo have received and responded to a request for information regarding the terms and conditions of the Arrangement from the Russian Federal Anti-Monopoly Services ("FAS"), the federal executive body responsible for foreign investments in the Russian Federation. Mercator is of the view that these responses will be satisfactory for FAS' purposes.
Completion of the Arrangement remains subject to final acceptance of the Arrangement by the Toronto Stock Exchange ("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.
For further information please visit www.mercatorminerals.com.
On Behalf of the Board of Directors
MERCATOR MINERALS LTD.
D. Bruce McLeod, P.Eng, President and CEO
Source: http://www.mercatorminerals.com/