Mint Offering Limited Partnership

May 15, 2009 18:16 ET

Mint Offering Limited Partnership Acquires Convertible Debentures of Mint Technology Corp.

TORONTO, ONTARIO--(Marketwire - May 15, 2009) -

NOT FOR DISTRIBUTION TO UNITED STATES WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES.

Mint Offering Limited Partnership ("MOLP") acquired ownership of $96,000 of convertible debentures of Mint Technology Corp. (the "Corporation") by way of a private placement on May 6, 2009. Together with prior purchases MOLP holds a total ownership of $201,000 of convertible debentures. Each convertible debenture is convertible into a unit of the Corporation at a price of $0.12 per unit exercisable at any time on or before March 31, 2011. Each unit consists of one common share and one common share purchase warrant. Each common share purchase warrant may be exercised to purchase one common share of the Corporation at a price of $0.16 at any time on or before March 31, 2011.

Assuming the exercise of all MOLP convertible debentures, MOLP would beneficially own or exercise control or direction over an aggregate of 3,350,000 common shares of the Corporation, representing approximately 10.08% of the then outstanding common shares.

The Toronto Stock Exchange Venture has not reviewed and does not accept responsibility for the adequacy or accuracy of this release and the information contained herein.

Contact Information

  • Mint Offering GP Inc.,
    The General Partner of the Mint Offering Limited Partnership
    Peter Charlton
    President
    (416) 251-3020