Mercator Transport Announces FGI Files Motion for Receivership
19 2월 2014 - 12:36AM
Access Wire
MONTREAL, QUEBEC, February 18, 2014 - Mercator Transport Group
Corporation ("Mercator Transport" or the "Corporation") (TSX-V:
GMT), announces that Faunus Group International, Inc. ("FGI") has
filed a motion with the Superior Court, District of Montreal, to
have a receivership appointed with respect to certain of the
Corporation's subsidiaries, namely Mercator Transport International
Inc., 6432328 Canada Inc. ("Mercator Global Services"), Mercator
Canada Inc. and 6936954 Canada Inc. (previously "Mercator Transport
France Inc.").
The motion was filed pursuant to Section 243 of the Bankruptcy
and Insolvency Act (Canada), considering the expiry, as of February
14, 2014, of the previously announced Forbearance Agreement with
FGI.
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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