08:18:51 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



Armada Mercantile Ltd
Symbol ARM
Shares Issued 17,722,896
Close 2018-10-19 C$ 0.37
Market Cap C$ 6,557,472
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Armada Mercantile's Oxygen to offer products, services

2018-10-23 16:05 ET - News Release

Mr. Patrick Cole reports

OXYGEN FUNDING, INC. LAUNCHES SUPPLY CHAIN PRODUCTS AND SERVICES

Oxygen Funding Inc., an affiliated ownership company of Armada Mercantile Ltd.'s Armada Group USA Inc., has completed the infrastructure set-up to begin offering supply chain products and services nationwide. Oxygen's underwriting and servicing platform allows for a swift start-up into supply chain with capital on hand and minimal staffing needs. Supply chain finance refers to financing the suppliers and vendors of the company's existing clients. This usually is accomplished by the funder, in this case Oxygen, paying the supplier directly, and then repayment is made at a later date by the client. The advantage to the client is the ability to pay suppliers very quickly and qualify for early payment discounts. The additional benefit the client receives is the ability to avoid artificially limited supplier purchases caused by temporary insufficient cash conditions. Oxygen seeks to yield as high as 22 per cent on average for supply chain transaction.

We seek Safe Harbor.

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