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mercator: search

Mercator Closes US$42 million Silver Sale Transaction with Silver Wheaton

VANCOUVER, June 12 /CNW/ - Mercator Minerals Ltd. ("Mercator") is pleased to announce today that its wholly-owned affiliate has closed the previously announced agreement with an affiliate ("Silver Wheaton") of Silver Wheaton Corp. for the sale of the life-of-mine silver production from Mercator's Mineral Park copper/molybdenum mine in Arizona. Under the agreement, Silver Wheaton's affiliate has made an up-front payment of US$42 million in cash to Mercator's affiliate. Upon delivery of the silver, Silver Wheaton's affiliate will then also pay Mercator's affiliate in cash the lesser of the silver spot price or US$3.90 per ounce of silver (escalated by 1% per annum starting in the fourth year of silver production).

Mercator Closes US$42 million Silver Sale Transaction with Silver Wheaton

VANCOUVER, June 12 /CNW/ - Mercator Minerals Ltd. ("Mercator") is pleased to announce today that its wholly-owned affiliate has closed the previously announced agreement with an affiliate ("Silver Wheaton") of Silver Wheaton Corp. for the sale of the life-of-mine silver production from Mercator's Mineral Park copper/molybdenum mine in Arizona. Under the agreement, Silver Wheaton's affiliate has made an up-front payment of US$42 million in cash to Mercator's affiliate. Upon delivery of the silver, Silver Wheaton's affiliate will then also pay Mercator's affiliate in cash the lesser of the silver spot price or US$3.90 per ounce of silver (escalated by 1% per annum starting in the fourth year of silver production).

Mercator Closes US$42 million Silver Sale Transaction with Silver Wheaton

VANCOUVER, June 12 /PRNewswire-FirstCall/ - Mercator Minerals Ltd. ("Mercator") is pleased to announce today that its wholly-owned affiliate has closed the previously announced agreement with an affiliate ("Silver Wheaton") of Silver Wheaton Corp. for the sale of the life-of-mine silver production from Mercator's Mineral Park copper/molybdenum mine in Arizona. Under the agreement, Silver Wheaton's affiliate has made an up-front payment of US$42 million in cash to Mercator's affiliate. Upon delivery of the silver, Silver Wheaton's affiliate will then also pay Mercator's affiliate in cash the lesser of the silver spot price or US$3.90 per ounce of silver (escalated by 1% per annum starting in the fourth year of silver production).

Mercator Closes US$42 million Silver Sale Transaction with Silver Wheaton

VANCOUVER, June 12 /PRNewswire-FirstCall/ - Mercator Minerals Ltd. ("Mercator") is pleased to announce today that its wholly-owned affiliate has closed the previously announced agreement with an affiliate ("Silver Wheaton") of Silver Wheaton Corp. for the sale of the life-of-mine silver production from Mercator's Mineral Park copper/molybdenum mine in Arizona. Under the agreement, Silver Wheaton's affiliate has made an up-front payment of US$42 million in cash to Mercator's affiliate. Upon delivery of the silver, Silver Wheaton's affiliate will then also pay Mercator's affiliate in cash the lesser of the silver spot price or US$3.90 per ounce of silver (escalated by 1% per annum starting in the fourth year of silver production).

Mercator Closes US$42 million Silver Sale Transaction with Silver Wheaton

VANCOUVER, June 12 /PRNewswire-FirstCall/ - Mercator Minerals Ltd. ("Mercator") is pleased to announce today that its wholly-owned affiliate has closed the previously announced agreement with an affiliate ("Silver Wheaton") of Silver Wheaton Corp. for the sale of the life-of-mine silver production from Mercator's Mineral Park copper/molybdenum mine in Arizona. Under the agreement, Silver Wheaton's affiliate has made an up-front payment of US$42 million in cash to Mercator's affiliate. Upon delivery of the silver, Silver Wheaton's affiliate will then also pay Mercator's affiliate in cash the lesser of the silver spot price or US$3.90 per ounce of silver (escalated by 1% per annum starting in the fourth year of silver production).

Mercator Closes US$42 million Silver Sale Transaction with Silver Wheaton

TRADING SYMBOL: TSX - ML VANCOUVER, June 12 /PRNewswire-FirstCall/ - Mercator Minerals Ltd. ("Mercator") is pleased to announce today that its wholly-owned affiliate has closed the previously announced agreement with an affiliate ("Silver Wheaton") of Silver Wheaton Corp. for the sale of the life-of-mine silver production from Mercator's Mineral Park copper/molybdenum mine in Arizona. Under the agreement, Silver Wheaton's affiliate has made an up-front payment of US$42 million in cash to Mercator's affiliate. Upon delivery of the silver, Silver Wheaton's affiliate will then also pay Mercator's affiliate in cash the lesser of the silver spot price or US$3.90 per ounce of silver (escalated by 1% per annum starting in the fourth year of silver production).

Mercator Closes US$42 million Silver Sale Transaction with Silver Wheaton

PRNewswire-FirstCall/ - Mercator Minerals Ltd. ("Mercator") is pleased to announce today that its wholly-owned affiliate has closed the previously announced agreement with an affiliate ("Silver Wheaton") of Silver Wheaton Corp. for the sale of the life-of-mine silver production from Mercator's Mineral Park copper/molybdenum mine in

Mercator Transport Group Corporation announces that its shares are now eligible for coverage obligations under the Quebec SME Growth Stock Plan

LAVAL, QC, May 26 /CNW Telbec/ - Mercator Transport Group Corporation ("Mercator") (TSX-V : GMT), is pleased to announce that it has received an advance tax ruling from Le Ministère du Revenu du Québec confirming the eligibility of its shares under the Quebec SME Growth Stock Plan. Mercator's shares have also been added to the list of eligible shares maintained by the Autorité des Marcheés Financiers.

Mercator Transport Group Corporation announces that its shares are now eligible for coverage obligations under the Quebec SME Growth Stock Plan

LAVAL, QC, May 26 /CNW Telbec/ - Mercator Transport Group Corporation ("Mercator") (TSX-V : GMT), is pleased to announce that it has received an advance tax ruling from Le Ministère du Revenu du Québec confirming the eligibility of its shares under the Quebec SME Growth Stock Plan. Mercator's shares have also been added to the list of eligible shares maintained by the Autorité des Marcheés Financiers.

SERBIA: Mercator Raises Stake In M-Rodic

Mercator, Slovenia’s largest food retailer, has announced that it has raised its stake in Serbian chain M-Rodic to 88% from 76%. Mercator said it bought an additional 12% of M-Rodic’s capital, but did not provide any financial details. It had bought the original 76% stake for E116m in cash and shares in 2006.

Mercator Mails and Files Materials for Noteholder Meeting to approve Silver Sale Transaction with Silver Wheaton

PRNewswire-FirstCall/ - Mercator Minerals Ltd. ("Mercator") is pleased to announce that it has filed and mailed an Information Circular in connection with the silver agreement previously announced with Silver Wheaton Corp. The meeting of the holders of the Company's secured notes to ratify the transaction for the purchase and sale of the silver production from the Company's wholly owned Mineral Park Mine is scheduled to be held on

Mercator Lines Singapore hits 5-month high on $320 million contract from Tata

Shares of Mercator Lines Singapore, a unit of India's Mercator Lines, soared to a five-month high on Wednesday after the bulk shipper secured a $320 million contract from Indian conglomerate Tata Group.

Mercator Mails and Files Materials for Noteholder Meeting to approve Silver Sale Transaction with Silver Wheaton

VANCOUVER, May 27 /CNW/ - Mercator Minerals Ltd. ("Mercator") is pleased to announce that it has filed and mailed an Information Circular in connection with the silver agreement previously announced with Silver Wheaton Corp. The meeting of the holders of the Company's secured notes to ratify the transaction for the purchase and sale of the silver production from the Company's wholly owned Mineral Park Mine is scheduled to be held on June 9, 2008.

Mercator expanding fleet

The Indian shipping company Mercator Lines has drawn up a Rs 4,000 crore capital expenditure programme for the next two years to expand its fleet of ships to cash in on the growing dry bulk market and consolidate its presence in high-growth markets. The investments will be made by Mercator Lines and its Singapore subsidiary, sources close to the company said. A mix of equity and debt will be used to raise the proposed investment.

MERCATOR'S AWARD-WINNING INNOVATION SOLUTION INTERFACES WITH BOOKING.COM

DUBAI, U.A.E, 12th June 2008 – Mercator, the aviation and hospitality industry’s leading IT solutions supplier, has recently created an XML interface with Booking.com, Europe’s leading online hotel reservations company (part of priceline.com Nasdaq PCLN). This positioning has allowed DaeX (Destination Accommodation Exchange), Mercator’s revolutionary, global, real-time interface solution system, to be certified with Booking.com....

SLOVENIA: MERCATOR reports solid growth for Q1

In Slovenia, Mercator has reported that it generated net revenues of EUR611 million (USD946 million) for Q1, a year-on-year rise of 13.8%. The retailer posted net profit of EUR9.3 million (USD14.4 million), an increase of 15.6% compared to the same period last year. The retailer attributes these results to a strong performance abroad. However, net profit in its Slovenian home market decreased by 2% in this quarter, compared to its Q1 performance last year. The company attributed this decline to the negative impact of rising inflation which resulted in lower purchasing power. Margins were also reduced by Mercator’s attempts to offset food price increases by suppliers.

ORA Changes EPS Estimate of MERCATOR LINES LIMITED: Current Recommendation is Outperformer

Company: MERCATOR LINES LIMITED Report Headline: "B&K: Mercator Lines - 4QFY08 Results Update" Report Date: May 21, 2008 Current FY EPS Estimate [FY2009]: 16.60 Previous EPS Estimate for Current FY [FY2009]: 13.40 Current Quarter EPS Estimate [Q1]: N/A Previous EPS Estimate for Current Quarter [Q1]: N/A Next FY EPS Estimate [FY2010]: 20.10 Previous EPS Estimate for Next FY [FY2010]: 15.70 Current Recommendation: OUTPERFORMER Research Firm: ORA Analyst: CHETAN KAPOOR RESEARCH ANALYST Industry: TRANSP/SEATRAN Estimates reported in INR

Blackmont Capital Changes EPS Estimate of MERCATOR MINERALS LTD.: Current Recommendation is Buy

Company: MERCATOR MINERALS LTD. Report Headline: "ViewPoint: Mercator Minerals Ltd. (BUY)" Report Date: June 04, 2008 Current FY EPS Estimate [FY2008]: 0.46 Previous EPS Estimate for Current FY [FY2008]: 0.63 Current Quarter EPS Estimate [Q2]: N/A Previous EPS Estimate for Current Quarter [Q2]: N/A Next FY EPS Estimate [FY2009]: 2.68 Previous EPS Estimate for Next FY [FY2009]: 2.49 Current Recommendation: BUY Research Firm: Blackmont Capital Analyst: GEORGE TOPPING Industry: BASIC/PRECMETL Estimates reported in CAD

Mercator Advisory Group and SoundBite Communications to Host Webinar Designed to Help Card Issuers Improve Cardholder Response With Multi-Channel Communications

Mercator Advisory Group and SoundBite Communications to Host Webinar Designed to Help Card Issuers Improve Cardholder Response With Multi-Channel Communications

Mercator Transport narrows Q4 loss to $60,000

MERCATOR TRANSPORT GROUP CORPORATION ANNOUNCES A FIFTH CONSECUTIVE QUARTERLY INCREASE IN REVENUES SINCE ITS LISTING ON THE TSX VENTURE IN JANUARY 2007

Mercator Lines fixes Book Closure for Dividend

Mercator Lines Ltd has announced that the Register of Members & Share Transfer Books of the Company will remain closed from July 07, 2008 to July 16, 2008 for the purpose of payment of dividend.

Mercator Lines inks USD 320 million contract

Mercator Lines Singapore Limited has announced that it signed a new 4 year contract worth USD 320 million with TATA Power Company, boosting rates to carry coal.

Mercator takes delivery of VLCC

Mercator Lines Ltd on Thursday took delivery of a 2006 built Double Hull, Very Large Crude Carrier (VLCC) of 299,325 DWT. This is the third VLCC under its control.

Mercator Lines signs US$320mn contract with Tata Power

Mercator Lines Singapore Ltd. said on Wednesday that it had signed a new four-year contract worth US$320mn with Tata Power Co. for carrying coal.

Mercator Transport Group Corporation announces that its shares are now eligible for coverage obligations under the Quebec SME Growth Stock Plan

Mercator Transport Group Corporation announces that its shares are now eligible for coverage obligations under the Quebec SME Growth Stock Plan


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