VANCOUVER, April 26 /CNW/ - Mercator Minerals Ltd. ("Mercator" or the "Company") (TSX: ML) announces the appointment of
Mr. John H. Bowles, FCA, FCIM, to the Board of Directors of the Company
and the resignation of Michael D. Lindeman as a director of the
Company, effective April 25, 2011.
Mr. Bowles was a Partner in the Audit and Assurance Group of
PricewaterhouseCoopers LLP (an accounting firm), where his practice
focused on the mining industry, from April 1976 until his retirement in
June 2006. Mr. Bowles has served as Treasurer, Mining Suppliers
Association of British Columbia (an association of providers of
equipment, products and related services to the British Columbia mining
industry) since May 1999; and Director Emeritus, Ducks Unlimited Canada
(a national, private, non-profit wetland conservation organization)
since March 1996. He has also served as a Director of HudBay Minerals
Inc. (a zinc, copper, gold and silver mining company), and is currently
a director Boss Power Corp. (a mineral exploration company) and Hecla
Mining Company (a silver mining company). Mr. Bowles was appointed a
Fellow of the British Columbia Institute of Chartered Accountants in
December 1997 and appointed a Fellow of the Canadian Institute of
Mining and Petroleum in May 2003.
Mike Surratt, President and CEO of Mercator stated, "The Board of
Directors and I appreciate the contributions Mike Lindeman has made
during the years, from the start up of the Company, through the
planning, construction and operation of the Mineral Park Mine. Mike
Lindeman has faithfully served the Company as a director and officer
since 1991, and has been a tremendous asset, and on behalf of the Board
of Directors, I thank him for his outstanding service and contributions
to Mercator over the years."
Mr. Surratt continued, "I am also pleased to welcome John to the Board.
His experience in the mining industry and the accounting sector will
further enhance the Company's Board of Directors as we complete the
expansion at Mineral Park, develop and commence construction of the El
Pilar copper project and complete the acquisition of Creston Moly
About Mercator Minerals Ltd.
Mercator Minerals Ltd. is a TSX listed mining company with an
experienced management team that has brought the mill expansion at the
Mineral Park Mine, one of the largest and most modern copper-moly
mining-milling operations in North America to production in less than 2
years. Mercator management is dedicated to maximizing profits at the
Mineral Park Mine and the development of the El Pilar copper project in
On Behalf of the Board of Directors
MERCATOR MINERALS LTD.
Per: "Michael L. Surratt"
Michael L. Surratt
The Toronto Stock Exchange does not accept responsibility for the
adequacy or accuracy of this press release.
Forward Looking Information
This news release contains forward looking statements of Mercator, being
statements which are not historical facts, including, without
limitation, statements regarding the proposed acquisition of Creston by
Mercator, the potential benefits thereof, discussions of future plans,
projections and objectives, estimates, forecasts, and statements as to
management's expectations with respect to, among other things, the size
and quality of the Company's mineral reserves and mineral resources,
future production, capital and mine production costs, demand and market
outlook for commodities, and the financial results of the Company and
discussions of future plans, projections and objectives. In addition,
estimates of mineral reserves and mineral resources may constitute
forward looking statements to the extent they involve estimates of the
mineralization that will be encountered if a property is developed.
Important factors that may cause actual results to vary include, but
are not limited to, certain transactions, certain approvals, changes in
commodity and power prices, changes in interest and currency exchange
rates, inaccurate geological and metallurgical assumptions (including
with respect to the size, grade and recoverability of mineral reserves
and resources), unanticipated operational difficulties (including
failure of plant, equipment or processes to operate in accordance with
specifications, cost escalation, unavailability of materials and
equipment, delays in the receipt of government approvals, industrial
disturbances or other job action, and unanticipated events related to
health, safety and environmental matters), political risk, social
unrest, and changes in general economic conditions or conditions in the
financial markets. These risks are described in more detail in
Mercator's Annual Information Form. Mercator does not assume the
obligation to revise or update these forward-looking statements after
the date of this report or to revise them to reflect the occurrence of
future unanticipated events, except as may be required under applicable
securities laws. For a more complete discussion, please refer to the
Mercator's Annual Information Form and audited financial statements and
MD&A for the year ended December 31, 2010 on the SEDAR website at www.sedar.com.
SOURCE Mercator Minerals Ltd.
For further information:
please contact: Marc LeBlanc, VP Corporate Development and Corporate Secretary, Tel: (604) 981-9661; Fax: (604) 960-9661; Email: firstname.lastname@example.org.