LAVAL, QC, July 22 /CNW Telbec/ - Mercator Transport Group Corporation
("Mercator") (TSX-V : GMT), is pleased to announce the opening of a new
secured $ 1 000 000 credit line with HSBC Bank Canada. This new credit line is
replacing the $ 750 000 credit line held with the Royal Bank of Canada. The
new credit line will be subjected to HSBC Bank Canada's preferential interest
rate plus 1.50%.
Mr. Stéphane Joly, Chief Financial Officer of Mercator, declares that
"Mercator is very proud to announce its new financial partnership with HSBC
Bank Canada. This partnership will permit Mercator to both maintain and
support strong growth, as well as tap into new financial markets through
access to HSBC Bank's international banking network."
Mercator specializes in freight forwarding, international logistics and
distribution. 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'
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: Mr. Patrick Bazinet, Director, Investor
relations, (450) 667-8886, firstname.lastname@example.org