Mercator (TSXV:GMT.V), announces closing of $750,000 private placement – Dominion Lending Centres Clearlease

Mercator (TSXV:GMT.V), announces closing of $750,000 private placement – Dominion Lending Centres Clearlease

LAVAL, QUEBEC – (April 27, 2011) Mercator Transport Group Corporation (TSXV:GMT.V), is proud to announce the closing, as of April 26, 2011, of a private placement in the amount of $750,000 through the issuance of 1,875,000 common shares at a price of $0.40 per share. This private placement is completed with an institutional investor.

Mercator Transport intends to use the private placement proceeds for the general working capital needs of African divisions of the corporation, making it possible to make bids on more important contracts on this continent.

This private placement is completed without the use of broker or dealer services. After the private placement, through which no warrants will be issued, the number of common shares issued and outstanding will be at 35,010,001.

The Mercator Transport shares issued through this private placement are subjected to a four-month holding period following the issuance of the common shares, in accordance with applicable securities laws and TSX Venture Exchange policies.

It is to be noted that the aforementioned private placement is conditional to final approval by the TSX Venture Exchange and other requirements.

About Mercator Transport

Mercator Transport specializes in freight forwarding, international logistics and distribution. Based in Montreal (Canada), with offices in the United States, France, Ghana, Kenya, Uganda, Tanzania and Zambia, 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.

For more information please visit us at:

About Dominion Lending Centres Clearlease

Dominion Lending Centres Clearlease Commercial (DLC Clearlease / ) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending / Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.

Headquartered in Downtown Vancouver, British Columbia. We’re expanding in Q2, 2011 to Calgary and Edmonton, Alberta! In Q3, 2011 we are expanding in Toronto, Ontario! Dominion Lending Centres Clearlease services clients from Coast to Coast. Our Residential Group has a team of Licensed Mortgage Brokers offering our clients the best terms and rates available in the current market. Our Commercial Funding/Mortgage Group is active across Canada Funding Mortgages in cities such as Toronto, Edmonton, Calgary, Vancouver and Victoria.

You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.

Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900,
555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. A. Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 177
eMail: [email protected]
Twitter: @clearlease

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