Mercator Minerals, Intergeo to merge
Dec 12, 2013 | 04:20 PM
| Daniel Fitzgerald
NEW YORK Mercator Minerals Ltd. will merge with Intergeo MMC Ltd. and receive a substantial cash injection for its Mineral Park copper-molybdenum mine in Arizona.
Mercator and Intergeo have entered into an agreement to "create a new copper-focused base metals company" named Intergeo Mining Ltd., the companies said Dec. 12.
Intergeo is 99-percent-owned by Daselina Investments Ltd., which is part of the Russia-based Onexim Group. Its main development project is the Ak-Sug copper porphyry deposit in southern Siberia.....
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