LAVAL, QC, Dec. 18 /CNW Telbec/ - Mercator Transport Group Corporation
("Mercator") (TSX-V : GMT) is pleased to announce the conclusion, as of this
day, of a new line of credit with the Royal Bank of Canada, increasing its
margin from 150,000.00$ to 750,000.00$. It consists in a line of credit
bearing interest at the preferred rate of the Royal Bank of Canada plus 1,05%
for which, Mercator and its subsidiaries, have consented universal guaranties
on their possessions.
Invited to comment on this announcement, the President and CEO of
Mercator, Mr Jean-Pierre Apélian, declares: "Our organization is very happy to
be able to benefit from such a support from its financial institution.
Although the growth of Mercator is already consistent, the support of the
Royal Bank of Canada will allow us to increase it even more aggressively."
Mercator specializes in freight forwarding and international logistics.
Mercator offers high value-added services in global supply chain management,
and designs tailor-made solutions. Customer intimacy and commitment
differentiates Mercator in its ability to implement customers' requirements.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
For further information:
For further information: Alexandre Jarry, Director and secretary,
Mercator Transport Group Corporation, (450) 667-8886