Molybdenum

Mercator Minerals Ltd. (TSE:ML) announced that its acquisition of Creston Moly (CVE:CMS) is now complete.

Mercator Minerals Ltd. (TSX:ML) announced that its acquisition of Creston Moly (TSXV:CMS) is now complete.

The press release is quoted as saying:

The transaction was approved by 99.3% of the eligible votes cast at the meeting of Creston shareholders, representing 63.3% of Creston’s outstanding shares that were eligible to vote.  Pursuant to the Plan of Arrangement, each Creston shareholder has received 0.15 of a common share of Mercator and $0.08 in cash in respect of each common share of Creston.

To read the full press release, click here.

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