Rampart Mercantile Inc. has signed a definitive agreement to acquire BayStreetDirect.com Inc. in exchange for 1 million shares of Rampart Mercantile. The transaction, valued at about $6 million, is subject to regulatory approval.

Rampart Mercantile chairman and CEO, Dominique Monardo, said, “We are one significant step closer to expanding the services Rampart Securities Inc. offers to retail and corporate investors through the use of BayStreetDirect.com’s cutting edge technology to offer IPOs and Private Placements to the general public.” Rampart Securities Inc. is a wholly owned subsidiary of RMI.

The two companies say they will be working closely together prior to closing to ensure a seamless transfer.