RE:RE:RE:RE:RE:RE:HALTED!!MEANT TO INCLUDE THE PR
Mint Notified CTO Issued by the Ontario Securities Commission 2022 Annual Financial Statements and Associated MD&A to Be Filed by May 31, 2023
Toronto, Ontario--(Newsfile Corp. - May 15, 2023) - The Mint Corporation (TSXV: MIT) ("Mint" or the "Company") announces that, it has been issued a Cease Trade Order ("CTO") by the Ontario Securities Commission on May 5, 2023 by virtue of having not filed the following periodic disclosure documents by the applicable filing deadlines:
- Annual audited financial statements for the year ended December 31, 2022;
- Management's Discussion and Analysis for the period ended December 31, 2022; and
- Certification of annual filings for the period ended December 31, 2022.
The delay is due to the complexity of having to obtain financial information from its operating subsidiary based in the United Arab Emirates resulting in the Company and its auditors not having adequate time and resources available to complete the audit in the allotted time. The Company is working diligently with its auditor, PKF Antares Professional Corporation, to complete the audit and issue the disclosures by May 31, 2023. The Company will issue advice by news release should any further delays be foreseen.
The Company continues to operate normally and reports that the cause of the delay is not material to the Company's operations. Mint will issue a news release announcing completion of the requisite filings once posted on SEDAR.
Despite the CTO, a beneficial security holder of the Company who is not, and was not at the date of the CTO, an insider or control person of the Company, may sell securities of the Company acquired before the date of the CTO if: (a) the sale is made through a "foreign organized regulated market", as defined in section 1.1 of the Universal Market Integrity Rules of the Investment Industry Regulatory Organization of Canada; and (b) the sale is made through an investment dealer registered in a jurisdiction of Canada in accordance with applicable securities legislation. Holders of the Company's securities are urged to consult with their own investment advisors or legal counsel about the implications of the CTO.
About Mint
The Mint Corporation through its majority-owned subsidiaries (the "Mint Group"), is a globally certified payments company headquartered in Toronto, Canada with its primary business in Dubai, United Arab Emirates. The Mint Group intends to provide employers, employees and merchants with best-in-class financial services supported via payroll cards and the feature rich and linked Mint mobile application. Through its mobile enabled payments platform certified globally by MasterCard and UnionPay, Mint brings modern financial conveniences, at reasonable cost, to employers, merchants and consumers.