Mercator Transport Announces Appointment of Receiver for Certain Subsidiaries
February 20 2014 - 2:26PM
Access Wire
MONTREAL, QUEBEC,
February 20, 2014 - Mercator Transport Group Corporation ("Mercator
Transport" or the "Corporation") (TSX-V: GMT), announces that the
Superior Court of Quebec (Commercial Division) has ordered the
appointment of MNP Inc. as receivers of the assets of certain of
its subsidiaries, namely Mercator Transport International Inc.,
6432328 Canada Inc. ("Mercator Global Services"), Mercator Canada
Inc. and 6936954 Canada Inc. (previously "Mercator Transport France
Inc."), effective as of February 19, 2014.
The Court also orders MNP Inc. to
sell the assets of the above-mentioned subsidiaries. Following the
sale, the Corporation will no longer have any commercial
activities, which will be continued without interruption by the
buyer. The directors and officers remain with the Corporation.
About Mercator Transport
Mercator Transport
specializes in air, ocean and ground freight forwarding,
international logistics and distribution. Based in Montreal
(Canada), with offices in Lyon (France) and Buenos Aires
(Argentina), Mercator Transport offers value-added services in
global supply chain management, and designs tailor-made solutions.
Customer intimacy and commitment differentiates Mercator
Transport in its ability to implement customers'
requirements.
Neither TSX Venture Exchange nor its
Regulatory Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
For further information:
Mr. Robert Gagnon, Chief Financial
Officer
Investor relations
investisseur@corpgmt.com
(514) 738-6464
(TSXV:GMT)
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