Mercator Transport Group Corporation

April 30, 2007 17:54 ET

Mercator Transport Group Corporation Announces Issuance of Shares Following Stock Option Exercise

LAVAL, QUEBEC--(CCNMatthews - April 30, 2007) - Mercator Transport Group Corporation ("Mercator") (TSX VENTURE:GMT) confirms that it has issued a total of 400,000 common shares of Mercator's authorized capital following exercise by the corporation's former board members of stock options. In accordance with laws and regulations which applied to Mercator formerly when it was a Capital Pool Company under the name "Nature Genetiks Capital inc.", the above mentioned stock options were exercised for a unit price of $0,15. With these stock option exercises, Mercator's former board members have exercised the totality of the options to purchase shares issued by Mercator to people who were, but no longer are, members of the board of directors.

"We are pleased that former board members have exercised the totality of their stock options, which confirms their trust in Mercator and their interest in the Qualifying Transaction they approved 9 months ago", said Mr. Xavier Ayme, Mercator's chief operating officer.

Mr. Ayme added: "On behalf of Mercator, we would like to thank former board members and founders for their work in Nature Genetiks Capital inc.'s setting-up and listing on the TSX Venture Exchange. Nature Genetiks Capital inc. allowed Mercator to complete its Qualifying Transaction."

The proceedings of this stock option exercise, an amount of $60,000, will be injected in Mercator's working capital.

About Mercator

Mercator specializes in maritime, land and air transportation brokers services at the national and international levels and in international logistics. The clients of Mercator are all over the world.

Mercator offers high value-added services in global supply chain management, designs and leads tailor-made transportation and logistics solutions, selects and coordinates a network of quality sub-contractors, managing all documentary, regulatory, banking and customs aspects of its clients' freight-forwarding. In these roles, Mercator acts both as an international freight-forwarder and a limited liability broker in international logistics.

Mercator is positioned in market that is characterized by both fragmented niche areas and a tendency towards concentration and distinguishes itself by a policy of closeness, tailor-made services and the dedication of its partners. This unique positioning is reinforced by Mercator's commitment to innovation in certain niche and growing markets internationally. By its size and its organization, Mercator offers custom made industrial services to its clients with the best of its size and versatility.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Mercator Transport Group Corporation
    Alexandre Jarry