MONTREAL, QUEBEC, November 1, 2013 - Mercator Transport Group Corporation ("Mercator Transport" or the "Corporation") (TSX-V: GMT), announces the amendment of its stock option plan to amend the minimum exercise price of stock options granted under the plan by the Corporation.
Pursuant to this amendment, the minimum exercise price of options granted under the plan is decreased from 0,10$ to 0,05$, in compliance with TSX Venture Exchange policies concerning the minimum exercise price of options granted under a stock option plan.
This amendment to the minimum exercise price of stock options granted under the Corporation's plan does not require shareholder approval, due to the fact that the plan is a fixed number stock option plan under which the number of listed shares reserved for issuance represents less than 10% of issued shares. The amendment however requires acceptance from the TSX Venture Exchange.
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