Reverse takeover could see Mercury become mining firm
8th March 2012
MERCURY Recycling Group, the Trafford Park-based recycler of lighting tubes and street lamps, is being used as a vehicle for a reverse takeover that will see it buy iron more mining rights in a South African project for £13.7m. The company's shares are being used as a method for raising cash to buy iron ore mining rights from South African firm Sylvania Platinum. More than 203m new ordinary shares in Mercury Recycling will be issued at a price of 6.75p per share. A further share placing to fund the development of the iron ......for the full story register now for free or login below...
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