Running out of financial flexibility, Bruce McLeod’s Mercator Minerals (ML:TSX) has agreed to a merger/takeover by Intergeo which is a subsidiary of ONEXIM Group(controlled by Russian oligarch, Mikhail Prokhorov worth an estimated $13 billion). The deal will see Mercator’s assets get a much needed injection of capital. Intergeo’s controlling shareholder Daselina (part of ONEXIM) will provide a… Continue Reading
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