Canadian miner Mercator Minerals Ltd said it will buy Creston Moly Corp in a cash-and-stock deal valued at about C$195 million ($204.0 million) to boost its copper and molybdenum resources. Creston shareholders will get 0.15 of a common share of Mercator and 8 Canadian cents in cash for each share held. The offer price of 63 Canadian cents represents a premium of 38 percent to Creston's Monday closing on the Toronto Venture Exchange. Creston owns interest in El Creston, an advanced development-stage moly-copper project in Sonora, Mexico.
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