Mercator Transport Group Corporation (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."
About Mercator
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' requirements. -- www.cnxmarketlink.com
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