Mercer Gold Corp.

Mercer Gold Corp.

May 13, 2011 09:25 ET

Mercer Gold Announces Share Consolidation

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 13, 2011) - Mercer Gold Corporation ("Mercer" or the "Company") (OTCQB:MRGPD)(FRANKFURT:AN4) announces that in accordance with board approval, the Company filed a Certificate of Change with the Nevada Secretary of State on April 14, 2011 to give effect to a reverse split of our authorized and issued and outstanding shares of common stock on a three (3) old for one (1) new basis.

Subsequently, the directors agreed it was in the best interest of the Company to amend the reverse split to a ratio of four (4) old for one (1) new such that the Company's authorized capital will be decreased from 562,500,000 shares of common stock with a par value of $0.001 to 140,625,000 shares of common stock with a par value of $0.001 and, correspondingly, the Company's issued and outstanding shares of common stock will be decreased from 69,837,500 shares of common stock to 17,459,375 shares of common stock. Accordingly, on April 28, 2011 the Company filed a Certificate of Correction with the Nevada Secretary of State to effect the four (4) old for one (1) new reverse split.

The reverse split will become effective with the Over-the-Counter Bulletin Board at the opening of trading on May 12, 2011 under the symbol "MRGPD". The "D" will be placed on the Company's ticker symbol for 20 business days. After 20 business days, the Company's symbol will revert back to the original symbol "MRGP". The Company's new CUSIP number is 58805R204.

About Mercer Gold Corporation

Mercer Gold Corporation is a focused exploration company with one major asset: the Guayabales Gold Project located in the Marmato Gold District, in Caldas, Colombia. The Company's priority mining target is bulk-tonnage, gold-silver deposits that are amenable to open pit mining as well as higher-grade gold-silver mineralization that can be drawn out with selective underground mining techniques. Historically Colombia has been one of the largest gold producers in the world and the Colombian mining industry remains one of the most dynamic and promising sectors of the Colombian economy.

For further information see:


Disclaimer for Forward-Looking Information:

Certain statements in this release are forward-looking statements, which reflect the expectations of management. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. These forward-looking statements reflect management's current views and are based on certain expectations, estimates and assumptions, which may prove to be incorrect. A number of risks and uncertainties could cause our actual results to differ materially from those expressed or implied by the forward-looking statements, including: (1) a downturn in general economic conditions in North America and internationally, (2) the inherent uncertainties and speculative nature associated with mineral exploration and production, (3) a decreased demand for minerals and fluctuations in the price of such minerals, (4) any number of events or causes which may delay or cease exploration and development of the Company's property interests, such as environmental liabilities, weather, mechanical failures, safety concerns and labor problems; (5) the risk that the Company does not execute its business plan, (6) political and foreign risks, (7) inability to retain key employees, (8) inability to finance operations and growth, and (9) other factors beyond the Company's control. These forward-looking statements are made as of the date of this news release and, except as required by law, the Company assumes no obligation to update these forward-looking statements, or to update the reasons why actual results differed from those projected in the forward-looking statements. We seek safe harbor.

Contact Information