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VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov. 15, 2013) - Mercator Minerals Ltd. (TSX:ML) ("Mercator" or "Company") announces, further to the September 30, 2013 and October 31, 2013 press releases, the Company and its indirect wholly owned subsidiary, Mineral Park Inc. ("MPI"), have entered into ancillary documentation with the syndicate of lenders (the "Lenders") under the MPI credit facility ("Credit Facility") to extend the forbearance in exercising any remedies under the Credit Facility and waive certain other covenants until November 29, 2013. The forbearance can be extended beyond November 29, 2013 with the approval of the requisite Lenders. |
