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U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 UNDER
THE SECURITIES EXCHANGE ACT OF 1934
For the Month of MARCH 2005
Commission File No.: 0-13966
MERCURY PARTNERS & COMPANY INC.
(TRANSLATION OF REGISTRANT'S NAME INTO ENGLISH)
SUITE 613, 375 WATER STREET, VANCOUVER, BRITISH COLUMBIA, CANADA V6B 5C6
(ADDRESS OF PRINCIPAL EXECUTIVE OFFICE)
Indicate by check mark whether the Registrant files or will file annual reports
under cover of Form 20-F or Form 40-F.
/ X/ Form 20-F / / Form 40-F
Indicate by check mark if the Registrant is submitting the Form 6-K in paper as
permitted by Regulation S-T Rule 101(b)(1):
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Indicate by check mark if the Registrant is submitting the Form 6-K in paper as
permitted by Regulation S-T Rule 101(b)(7):
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Indicate by check mark whether the Registrant by furnishing the information
contained in this Form is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes No X
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If "Yes" is marked, indicate below the file number assigned to the Registrant in
connection with Rule 12g3-2(b): 82- .
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[MERCURY LOGO]
NEWS RELEASE FOR IMMEDIATE RELEASE
FOR: Mercury Partners & Company Inc. (TSX Venture-MYP.U; OTCBB-MYPIF)
VANCOUVER, Canada /23 March 2005/--Mercury Partners & Company Inc. (the
"Company") announced it has entered into an agreement to settle and dismiss its
two-year litigation with Cybersurf Corp. The Company did not admit to any
liability or wrongdoing.
Pursuant to the settlement agreement the Company will contribute
CAD$725,000 to the settlement in exchange for a full release of claims and a
withdrawal of the complaints of Cybersurf. The Company, which sold its entire
investment in Cybersurf during 2004 for proceeds of approximately CAD$1.6
million, has also agreed not to acquire shares in Cybersurf in the future.
The settlement brings to an end the significant legal expenses and
management's time and effort that have and would continue to have been incurred
to defend this lawsuit. This is of significant value because Cybersurf's ability
to pay costs to the defendants, if unsuccessful, was highly questionable.
-30-
Contact: Tom S. Kusumoto
Mercury Partners & Company Inc.
(604) 689-7565
tsk@mercury.ca
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THE TSX VENTURE EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE
ADEQUACY OR ACCURACY OF THIS RELEASE.
SIGNATURES
Pursuant to the requirements of the SECURITIES EXCHANGE ACT OF 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
Registrant: MERCURY PARTNERS & COMPANY INC.
By: /s/ Tom S. Kusumoto
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TOM S. KUSUMOTO, PRESIDENT
Date: March 24, 2005
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