MONTREAL, QUEBEC, October 29, 2013 - Mercator Transport Group Corporation ("Mercator Transport" or the "Corporation") (TSX-V: GMT), announces the issuance of stock options to certain officers and directors of the Corporation.
As of October 29, 2013, Mercator Transport issued 200,000 stock options to Mr Andre Brosseau following his election to the Board and his appointment as Chairman of the Corporation. These options were issued at an exercise price of $0.05 per share, and are valid for a five year period. The rights to these options vested on the date of their issuance.
Also as of October 29, 2013, Mercator Transport issued 200,000 stock options to each of its other directors, namely Messrs Jean-Pierre Apelian, Xavier Ayme, Alexandre Jarry, Laurent M. Marchal and William Spurr, as well as to his Chief Financial Officer, Mr Robert Gagnon. All of these options were issued at an exercise price of $0.05$ per share, and are valid for a period of five years. The rights to these options vested on the date of their issuance.
The issuance of the stock options set forth in this press release is made in compliance with Mercator Transport's current stock option plan, and is subject to the policies of the TSX Venture Exchange, as well as applicable regulations.
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
[email protected]
(514) 738-6464