Mercator Minerals May Sell or Merge on Back of Weak Markets

MetalBulletin reported that as a result of a strategic review brought on by challenging copper and molybdenum market conditions, Mercator Minerals Ltd. (TSX:ML) is considering a merger or sale of the company.

As quoted in the market news:

‘The strategic alternatives being considered include, but are not limited to, a sale of the company, a business combination with another entity, a sale of all or a portion of the assets of the company, a strategic investment in the company or any combination thereof,’ Mercator said.

‘The company has conducted discussions with, executed confidentiality agreements with and received nonbinding proposals from a number of interested parties. At present, there can be no assurance as to what, if any, strategic alternatives might be pursued by the company.’

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