Meritus Minerals Updates License Status; Shares Plummet to Just Above Year Lows

By MT Newswires,  April 13, 2012, 02:39:27 PM EDT

Meritus Minerals Ltd. (MER.V) today announced that its Mongolian consultant appointed to ensure its applications for registering resources at its Gutain Davaa project in Mongolia with the National Register of Reserves and Resource lodged the applications for Exploration License 6155x and Exploration License EL5575x with the Mineral Resources Council (MRC) in late February.

The MRC has appointed two experts to review the applications and make recommendations and to comment on their content prior to submission to the full MRC committee for consideration.

MER plummeted by about 29% to $0.025, which is just above year lows. About 65,000 MER shares have changed hands.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

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