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Creston Moly Corp.

09:57 AM EST - Creston Moly Corp. : and Mercator Minerals Ltd. announced that they have entered into a definitive arrangement agreement pursuant to which Mercator will acquire all the outstanding common shares of Creston by way of a plan of arrangement. Under the plan of arrangement, shareholders of Creston will receive 0.15 of a common share of Mercator and $0.08 in cash, in respect of each common share of Creston. Creston Moly Corp. shares V.CMS are trading up $0.12 at $0.58.