Algonquin Mercantile Announces Subsidiary Dominion Citrus and Drugs Ltd. Successful in Suit Against Producom Holdings Inc.TORONTO--(BUSINESS WIRE)--June 26, 1997--Algonquin Mercantile Relating to trade or commerce; commercial; having to do with the business of buying and selling; relating to merchants. A mercantile agency is an individual or company in the business of collecting data about the financial status, ability, and credit of individuals (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). : AM.) Algonquin Mercantile Corporation ("Algonquin") reports that its subsidiary Dominion dominion, power to rule, or that which is subject to rule. Before 1949 the term was used officially to describe the self-governing countries of the Commonwealth of Nations—e.g., Canada, Australia, or India. Citrus & Drugs Ltd. ("Dominion") has received judgement in its favour against Producom Holdings Inc. ("Producom"). The Ontario Court of Justice The Ontario Court of Justice is a Provincial Court for the Canadian province of Ontario. This court oversees matters relating to family law and criminal law. This court is subordinate in relationship to the "superior" courts. (General Division) has ordered Producom pay Dominion approximately $1.0 million in principal and interest on a February, 1990 note. Algonquin advises that the ability of Producom to satisfy the judgement is unknown at this time. CONTACT: Algonquin Mercantile Corporation Winston R. Ash, 905/841-4473 905/841-2714 (FAX) |
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