Mint Technology Corp.
TSX VENTURE : MIT

Mint Technology Corp.

June 05, 2013 18:07 ET

Mint Announces Closing of 2nd Tranche of the Series VII Debenture Offering

TORONTO, ONTARIO--(Marketwired - June 5, 2013) -

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Mint Technology Corp. (TSX VENTURE:MIT) ("Mint" or the "Company") announces that it has completed the private placement of $345,000 of Series VII Debentures and 345,000 common shares for gross proceeds of $274,620. This private placement is the second tranche under the brokered private placement announced on April 9, 2013 of. Portfolio Strategies Securities Inc. acted as agent and received a cash commission equal to 4% of the gross proceeds.

Subscribers paid $796 for each $1000 of debentures and 1000 common shares. The debentures mature on October 17, 2015. The debentures and common shares issued today are subject to a hold period which expires on August 18, 2013.

ABOUT MINT TECHNOLOGY CORP.

Established in 2004, Mint is the world's first vertically integrated prepaid card and payroll services provider with its own ATM network, payment processing platform and proprietary branded card product delivered to workers in the United Arab Emirates and expanding to other parts of the Middle East. Mint operates through 4 subsidiaries, Mint Middle East LLC, a payroll card services provider; Mint Capital LLC, a financial products distribution company; Mint Global Processing Inc., a fully integrated third party processing platform; and MEPS, a mobile airtime POS and Merchant network solutions business. Mint has 98 employees in 8 offices in UAE (3), Qatar, Jordan, Egypt, USA and Canada where Mint is listed on the TSX Venture Exchange: MIT.

For additional information please visit www.mintinc.com.

NEITHER 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.

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