Mercer Resources PLC Substantial Transaction (8740N)
July 31 2014 - 6:26AM
UK Regulatory
TIDMMCR
RNS Number : 8740N
Mercer Resources PLC
31 July 2014
Mercer Resources plc RNS
31 July 2014
Mercer Resources plc (AIM: MCR)
("Mercer" or the "Company")
Substantial Transaction
Mercer, the investing company that is seeking to invest in
opportunities within the natural resources, energy and precious
metals sectors, is pleased to provide an update to
shareholders.
Mercer has acquired 90,950 Ordinary Shares of $US0.2 in Zoltav
Resources Inc ("Zoltav"), for a total consideration of GBP110,000
that will be met from the Company's existing cash resources and
constitutes a Substantial Transaction under the AIM Rules.
Zoltav is an oil and gas exploration and production company
focused on acquiring assets in the CIS, particularly in the Russian
Federation. Zoltav's shares are traded on AIM and further details
on Zoltav may be found on their website www.zoltav.com. As at 15
July 2014 Zoltav had in issue 141,805,386 Ordinary Shares of
$US0.2.
Shareholders are further advised that the Board remains
optimistic that Mercer will be in a position to make a further
investment, or investments, in due course, in line with its
investing policy, constituting a reverse takeover subject to
shareholder approval.
The Board will continue to keep shareholders updated as
appropriate.
Further Enquiries:
Mercer Resources plc
Trevor Wells +44 20 3301 9331
FinnCap Ltd (Nomad)
Matthew Robinson / Grant Bergman +44 207 220 0500
Peterhouse Corporate Finance (Broker)
Lucy Williams +44 20 7469 0936
This information is provided by RNS
The company news service from the London Stock Exchange
END
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