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| Home : Mercator Minerals Announces Amendment to the Mineral Park Credit Facility |
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Aug 31
2012 |
Mercator Minerals Announces Amendment to the Mineral Park Credit Facility |
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VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 31, 2012) - Mercator Minerals Ltd. (TSX:ML) ("Mercator" or "Company") reports that its 100% owned subsidiary, Mineral Park Inc. ("MPI"), and the lenders for the MPI Credit Facility have agreed to an amendment to the MPI Credit Facility which defers the increase in the Credit Facility proceeds account from September 30, 2012 to December 31, 2012. MPI had been required to increase the minimum cash balance required in the Credit Facility proceeds account from $10 million to $15 million on September 30, 2012. This amendment represents one of a number of steps Mercator is taking to strengthen its balance sheet and renew its path to growth. |
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| Source:http://www.marketwire.com/mw/release.do?id=1696451&sourceType=3 |
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