MONTREAL, QUEBEC, February 3, 2014 – Mercator Transport Group Corporation (“Mercator Transport” or the “Corporation”) (TSX-V: GMT), announces today that it has received a notice of termination from EP Minerals, LLP (“EP Minerals“), terminating the Distribution and Supply Agreement dated December 28, 2007, between one of the Corporations’ subsidiaries, 6432328 Canada Inc. (“Canada“) and EP Minerals (the “Agreement“).
The Agreement was terminated by EP Minerals as a result of Canada failing to fulfill its payment obligations under the terms of the Agreement.
The Corporation also announces that Mr. Andre Brosseau has resigned as Director and Chairman of the Board of Directors for personal reasons.
Mr. Brosseau will however remain as observer of Board meetings, which will allow the Corporation to continue to benefit from Mr. Brosseau’s business and financial experience.
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
Testimony is set to resume Wednesday in a preliminary hearing for a former San Diego police officer accused of groping and illegally detaining women while on patrol last year.
A San Diego police officer has been arrested in connection with a domestic violence incident that occurred in La Mesa on Tuesday, says La Mesa police.
The City Council is scheduled Wednesday to take the first step in calling for residents to conserve water on a voluntary basis following the third straight winter with below-average rainfall.
Jury selection was scheduled to begin Wednesday in the trial of a man accused of gunning down his ex-wife in their Lakeside home and then trying to commit suicide by inhaling carbon monoxide.
A San Diego State student awoke to find a man rummaging through her apartment near campus early Wednesday, police said.
Three months after proposing a ballot measure to increase the minimum wage in San Diego, City Council President Todd Gloria is scheduled Wednesday to release details of the plan, including an amount.
An 18-year-old student has been hospitalized and is undergoing a psychological evaluation after allegedly threatening her parents with a knife.
A preliminary hearing is scheduled Tuesday for a former San Diego police officer accused of groping four women during pat-down searches last year.