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Mercator and Creston Announce Friendly Business Combination
Apr. 12, 2011 11:08AM PST
Industrial MetalsMercator Minerals Ltd. (TSE:ML) and Creston Moly Corp. (CVE:CMS) announced that Creston will be acquired by Mercator to create one copper-moly company.
Mercator Minerals Ltd. (TSX:ML) and Creston Moly Corp. (TSXV:CMS) announced that Creston will be acquired by Mercator to create one copper-moly company.
The press release is quoted as saying:
Under the plan of arrangement, shareholders of Creston will receive 0.15 of a common share of Mercator and $0.08 in cash, in respect of each common share of Creston.
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