Mint Technology Corp.
TSX VENTURE : MIT

Mint Technology Corp.

June 05, 2009 16:00 ET

Mint Closes Private Placement

TORONTO, ONTARIO--(Marketwire - June 5, 2009) -

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

Mint Technology Corp. ("Mint") (TSX VENTURE:MIT) announced today that it has completed the issuance of an additional $20,000 of convertible debentures under the private placement announced on May 21, 2009, for total proceeds of $328,000 from all closings. Mint issued 10,000 warrants to a dealer representing the subscriber in today's closing. The terms of the debentures and the dealer warrants are described in the May 21, 2009 press release. The securities issued at this closing, and any securities issued upon exercise of the debentures from this closing, are subject to a hold period which expires on October 6, 2009.

Mint also announced today that it is seeking approval from the TSX Venture Exchange to issue finder warrants in connection with the private placement disclosed by press release on February 2, 2009. Mint has determined that it should have issued finder warrants to purchase 33,600 common shares at an exercise price of $0.10 per share, expiring on February 24, 2011.

ABOUT MINT TECHNOLOGY CORP.

Mint Technology Corp. is a pioneer in prepaid financial products and services and is Canada's first provider of prepaid credit card programs. As a MasterCard® Member Service Provider, Mint works with business partners to customize prepaid credit card programs that are tailored to meet a company and its card holder's needs. Mint has developed a secure, robust payments platform that provides an improved means to handle and manage financial transactions. Mint also provides services for those clients looking to move towards 'next generation' payment methods that include chip, internet, data mining and mobile phone load and remittance technologies. Mint's prepaid card products include general spend for the underserved, youth and employee payroll. Stock Symbol: MIT on the TSX Venture Exchange.

To receive Company news via email, contact lindsay@chfir.com and mention "Mint news" on the subject line.

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.

Contact Information