Carta Solutions S.A.

January 25, 2012 16:37 ET

Carta Solutions S.A.

TORONTO, ONTARIO--(Marketwire - Jan. 25, 2012) -

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE U.S.

Carta Solutions S.A. (the "Company") announced that it exercises control or direction directly or indirectly over the common shares (the "Shares") of Mint Technology Corp. (TSX VENTURE:MIT) (the "Reporting Issuer"). The details of the Company's ownership in the Reporting Issuer are as follows:

  • Prior to January 20, 2012 the Company had control or direction of 7,200,000 Shares of the Reporting Issuer, representing approximately 4.03% of the outstanding Shares of the Reporting Issuer. The Company also controlled 3,000,000 common share purchase warrants of the Reporting Issuer (the "Warrants").

  • Effective January 20, 2012 the Company acquired indirectly control or direction over an aggregate of 6,150,337 Shares of the Reporting Issuer at a price of $0.125 CAD per Share, which represents an additional 3.4% of the issued and outstanding Shares of the Reporting Issuer. The Company also acquired effective January 20, 2012 indirect control over 6,150,337 Warrants of the Reporting Issuer.

  • Following the January 20, 2012 transactions, the Company controls directly or indirectly an aggregate of 13,350,337 Shares of the Reporting Issuer: 7,200,000 Shares held directly by the Company; 4,337,534 Shares held by Carta Worldwide Inc.; and 1,812,803 Shares held by Carta Solutions Processing Services Corp., representing approximately 7.2% of the issued and outstanding Shares of the Reporting Issuer. The Company also controls directly or indirectly 9,150,337 Warrants of the Reporting Issuer: 3,000,000 Warrants held directly by the Company; 4,337,534 Warrants held by Carta Worldwide Inc.; and 1,812,803 Warrants held by Carta Solutions Processing Services Corp. On a partially diluted basis, including the Shares and Warrants controlled directly or indirectly by the Company, the Company controls approximately 11.6% of the securities of the Reporting Issuer.

The above transactions occurred under a debt settlement agreement with the Reporting Issuer.

The Shares of the Reporting Issuer are held for investment purposes. The Company may, depending on market and other conditions, increase or decrease its beneficial ownership of securities of the Reporting Issuer, whether in the open market, by privately negotiated agreements or otherwise, subject to a number of factors, including general market conditions and other available investment and business opportunities.

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Contact Information

  • Carta Solutions S.A.
    Wayne Clarke
    CFO
    (416) 840-5611