Chris Hogg

April 02, 2012 14:51 ET

Chris Hogg: Early Warning Press Release

TORONTO, ONTARIO--(Marketwire - April 2, 2012) -

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Mr. Chris Hogg (the "Offeror") announced that he exercises control or direction directly or indirectly over common shares (the "Shares") of Mint Technology Corp. (TSX VENTURE:MIT) (the "Reporting Issuer"). The details of the Offeror's ownership in the Reporting Issuer are as follows:

  • Prior to March 21, 2012 the Offeror had control or direction over 5,339,900 Shares of the Reporting Issuer, representing approximately 2.8% of the outstanding Shares of the Reporting Issuer. The Offeror also controlled 2,475,000 stock options (the "Stock Options") and 5,000,000 warrants (the "Warrants") of the Reporting Issuer.
  • Effective March 21, 2012 the Offeror acquired indirect control over 1,598,406 Shares at $0.12 CAD, 1,744,694 Shares at $0.18 CAD, and 5,357,142 shares at $0.17 CAD, through Glocap Management Inc., for an aggregate 8,700,242 Shares of the Reporting Issuer, which represents an additional 4.6% of the issued and outstanding Shares of the Reporting Issuer.
  • Effective March 21, 2012 the Offeror sold 1,093,750 Shares of the Reporting Issuer held through Glocap Management Inc. at a price of $0.17 CAD per Share, and 916,666 Shares held through Glocap Management Inc. at a price of $0.12 CAD per share.
  • Following the March 21, 2012 transactions, the Offeror has control and direction of an aggregate 12,029,726 Shares of the Reporting Issuer through Glocap Management Inc., representing approximately 6.4% of the issued and outstanding Shares of the Reporting Issuer. On a partially diluted basis, including the Options and Warrants controlled directly by the Offeror, the Offeror controls approximately 10.4% of the securities of the Reporting Issuer.

The Shares of the Reporting Issuer are held for investment purposes. The Offeror may, depending on market and other conditions, increase or decrease his 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

  • Chris Hogg
    610-995-2660