Mint Technology Corp.
TSX VENTURE : MIT

Mint Technology Corp.

July 21, 2009 14:27 ET

Mint Technology Announces Brokered Private Placement

TORONTO, ONTARIO--(Marketwire - July 21, 2009) -

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Mint Technology Corp. (TSX VENTURE:MIT) today announced that it is entered into an engagement letter with Fraser Mackenzie Limited to act as agent in connection with the private placement announced on July 10. The mandate of Fraser Mackenzie is to market the placement to Canadian institutional investors. Mint has agreed to increase the size of the placement to $2.5 million of units from $1.5 million previously announced. The units will be offered at $0.125 and each unit will consist of one common share and one common share purchase warrant. Each common share purchase warrant will be exercisable for one common share upon payment of $0.15 and exercise of the warrant on or before August 31, 2011.

The private placement is to be completed in one or more closings prior to August 31, 2009. As previously announced, Mint has received a subscription agreement in the amount of $500,000 from Credit Guarantee Corporation Limited, a retail financial services company based in Dublin, Ireland.

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.

ABOUT FRASER MACKENZIE LIMITED

Fraser Mackenzie is a Canadian independent investment banking firm with operations in corporate finance, equity sales and trading, and investment research. Fraser Mackenzie provides services to companies directly through investment banking professionals based in its Toronto, Canada head office. Fraser Mackenzie is focused on serving the needs of its corporate and institutional clients throughout Canada, Europe and the United States.

For additional information please visit www.mintinc.com.

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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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