Mint Corp V.MIT

Alternate Symbol(s): MITJF

Financial Services Credit Services

The Mint Corporation, through its subsidiaries, is a globally certified payments company. The Company is focused on offering financial services to the unbanked salaried worker in the United Arab Emirates (UAE). The Company provides employers with payroll cards for their unbanked employees. It offers employers scalable, flexible and payroll card management solutions through its globally certified payments platform. It also focuses on facilitating payroll disbursement for unbanked workers, employees not qualified for traditional bank accounts. Its UAE operations comprise five entities, including Mint Middle East LLC (MME), Mint Electronic Payment Services Ltd (MEPS), Mint Capital LLC (MCO), Mint Gateway for Electronic Payment Services (MGEPS) and Hafed Holding (Hafed). MME is a payroll card services provider facilitating an automated and secure payroll system to employers in the UAE. Its UAE operations payroll cards and mobile app are branded under the Hafed name.

TSXV:MIT - Post by User

Mint Corp

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Comment by soladadeson Aug 31, 2012 9:13am

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Post# 20283370

RE: RE: RE: Bonus shares

Expected as per the June 12 release below.

Mint Announces Further Closing on Series V Debenture Series

Mint Announces Further Closing on Series V Debenture Series

TORONTO, ONTARIO--(Marketwire - June 12, 2012) -

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

Mint Technology Corp. ("Mint") (TSX VENTURE:MIT) announces the issuance of $200,000 of debt on May 14^th and 15^th, 2012, through a private placement of secured interest bearing debentures (the "Debenture(s)") which was conditionally approved by the Toronto Venture Exchange on April 26, 2012, for a maximum issue of $4,500,000, known as Series 5. This brings the total amount of Debentures issued under this series to $2,700,000. This was the last and final closing in this series.

Funds will be used for the purposes of the microcredit loan book to be originated and serviced by Mint Money LLC in the UAE under a pilot program in advance of the long term structured credit facility of $50,000,000 as announced on December 29, 2011. Details of this will be provided upon completion of due diligence.

The investment announced today was made through Union Securities Ltd. A 5% agent fee was paid to Union Securities Ltd. The Debenture interest rate is 12% payable quarterly in arrears together with 1.4 bonus shares of Mint for every CAD$1.00 of Debenture issued. The Debentures are due and payable on May 8, 2014. The debentures and common shares announced on May 11, 2012, are subject to a hold period expiring on September 9, 2012. $100,000 of the debentures and common shares announced today are subject to a hold period expiring on September 15, 2012. The remaining $100,000 of debentures and commons shares that were issued are subject to a hold period expiring September 17, 2012. Mint may prepay all or any part of the principal outstanding at any time, without notice or bonus. Each Debenture will be secured against all of Mint's undertakings and business and all of its property and assets, both present and future by a General Security Agreement ("GSA"). The securities offered have not been and will not be registered under the U.S. Securities Act of 1933, as amended.

Mint would also like to announce that on February 15, 2012, it was announced that the Corporation issued 5,800,000 stock options to employees, officers and directors of the Company. This total was incorrect and should have been 6,000,000.

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