(March 28 – 10:50 ET) – Rampart Mercantile Inc., parent of Rampart Securities, is offering up to $4 million in convertible debentures.

The debentures will bear interest at the rate of 10% per year payable monthly in arrears, and will have an 18 month term. Each debenture will be convertible into common shares of RMI at the rate of one common share for each $6 in principal amount converted.

The debentures will not be redeemable for the first year. After the first year, RMI will have the right to redeem all or a portion of the debentures at any time on 10 days prior written notice.

A 5% commission or finder’s fee will be payable on the sale. The funds from the financing will be used to provide working capital for RMI and to provide funds for Rampart Securities Inc. The financing is expected to close upon the receipt of conditional approval from the Canadian Venture Exchange.