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
Investor relations
[email protected]
(514) 738-6464