Armada Mercantile Ltd.: Credit Line Facility for Emerging-Growth Publicly Traded Companies.Business Editors VANCOUVER, British Columbia--(BUSINESS WIRE)--Jan. 21, 2004 Armada Mercantile Ltd. (Pink Sheets: AAMTF)(CNQ CNQ Cost of Non Quality CNQ Canadian Trading & Quotation System Inc. CNQ Club Neon Quebec (Quebec Neon Club) : AARM AARM Association for the Advancement of Relationship Marketing AARM Aquaculture & Aquatic Resources Management AARM American Association on Mental Retardation AARM Agrupación Astronómica de la Region de Murcia AARM ASEAN Armies Rifle Meet ), through its merchant banking operations and its wholly-owned subsidiary Armada Group USA, Inc. (ArmadaUSA), will begin offering "Equity Line of Credit" instruments (Line of Credit) from US$100,000 to US$1 million, to qualified emerging-growth publicly-traded companies. Each Line of Credit is based on ArmadaUSA's sound due-diligence, a contractual agreement to Invest in the client company, and is coupled with the inherent risk of equity ownership. Contractually, Armada Mercantile Ltd. has attempted to comply with the Securities and Exchange Commission's proposed Regulation SHO Regulation SHO A regulatory addition by the Securities & Exchange Commission, expanding and updating the restrictions placed on short sale transactions. The updated regulations came into effect on Jan 3, 2005 and help to address several key issues in the short sale market. , and will amend all agreements to conform to Verb 1. conform to - satisfy a condition or restriction; "Does this paper meet the requirements for the degree?" fit, meet coordinate - be co-ordinated; "These activities coordinate well" the New Regulations, if enacted. Armada Mercantile Ltd. has modified the traditional Equity Line of Credit transaction, in order to eliminate many of the historical concerns related to these investment types, by tying contractual commitments and investment criteria to stock price and volume. Currently, ArmadaUSA is reviewing four potential public-company clients in preparation for issuing its first Line of Credit. Companies interested in evaluation and underwriting should submit a request in writing, stating desired terms, to ArmadaUSA. Patrick Cole, President Certain statements included herein are "forward-looking statements'" as defined by the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Management cautions that forward-looking statements are not guarantees and that actual results could differ materially from those expressed or implied in the forward-looking statements. Important factors that could cause the actual results of operations or financial condition of the Company to differ include, but are not necessarily limited to, the risks and uncertainties discussed in documents filed by the Company with the British Columbia British Columbia, province (2001 pop. 3,907,738), 366,255 sq mi (948,600 sq km), including 6,976 sq mi (18,068 sq km) of water surface, W Canada. Geography and Ontario Securities Commissions The Ontario Securities Commission (OSC) is a regulatory agency which administers and enforces securities legislation in the Canadian province of Ontario. The OSC is an Ontario Crown corporation which reports to the Ontario legislature through the Minister of Finance. . |
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