General Announcement::Outcome of Board Meeting

Issuer & Securities

Issuer/ Manager
MERCATOR LIMITED
Securities
MERCATOR US$16M4.75%CB190527 - XS1072432161 - 3R0B
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
05-Dec-2019 17:36:25
Status
New
Announcement Sub Title
Outcome of Board Meeting
Announcement Reference
SG191205OTHREPVB
Submitted By (Co./ Ind. Name)
Mercator Limited
Designation
CFO & Compliance Officer
Effective Date and Time of the event
05/12/2019 14:45:00
Description (Please provide a detailed description of the event in the box below)
This is to inform you that the Board of Directors of the Company at its meeting held today, has inter alia; approved the following:

1.Strategic Sale of Participating Interest (PI) in the Oil Block CB-ONN-205/9 (CB-9) of Mercator Petroleum Limited, a material subsidiary of the Company. The above sale is subject to approval of specified lenders, shareholders of the Company and further regulatory approval(s) as may be applicable.

2. Conducting of Postal Ballot to seek shareholders approval for Strategic Sale of Participating Interest (PI) in the Oil Block CB-ONN-205/9 (CB-9) of Mercator Petroleum Limited, a material subsidiary of the Company

Attachments

SGX Letter.pdf
Total size =156K