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Mint Corp (MIT.V)

MIT.V on TSX Venture Exchange

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Latest Key Developments (Source: Significant Developments)

Mint enters into debt restructuring agreement in principle
Friday, 28 Apr 2017 06:44am EDT 

April 28 (Reuters) - Mint Corp ::Mint enters into debt restructuring agreement in principle.Mint - entered into non-binding term sheet with gravitas financial ,holders of substantially all series a debentures, all of series c debentures.Mint Corp - term sheet provides for a restructuring of debt owing to senior debentureholders.Mint Corp - mint has announced its inability to make payments on series a, series b and series c debentures.Mint Corp - under term sheet, debt under series a and series c debentures owed to senior debentureholders is to be replaced by $20 million of debt.Mint Corp - new debt is to mature on December 31, 2021 and bear interest at 10% per annum.Mint Corp - senior debentureholders will also receive 17.3 million common shares of mint, 11.7 million common share purchase warrants of mint.Mint Corp - senior debentureholders will also receive subscription receipts to acquire 16 million common shares of mint for no additional consideration.Mint - each warrant to be exercisable after 2 years and on or before maturity date of new debt for 1 common share of mint at exercise price of $0.10.  Full Article

Mint Corp will not have sufficient funds to pay installment of interest for its series A debentures, series C debentures due on March 31, 2017
Thursday, 30 Mar 2017 05:00pm EDT 

Mint Corp : Mint Corp - will not have sufficient funds to pay installment of interest for its series a debentures, series c debentures due on march 31, 2017 .Mint Corp - company has initiated discussions with holders of debentures to discuss a compromise.  Full Article

MINT CORP ANNOUNCES ACQUISITION OF A UAE FINANCIAL COMPANY
Tuesday, 21 Mar 2017 12:07pm EDT 

Mint Corp : THE MINT CORPORATION: ACQUISITION OF A UAE FINANCIAL COMPANY . HAS ADVANCED USD $5.45 MILLION AS A DEPOSIT TO SECURE RIGHT TO ACQUIRE UAE CENTRAL BANK LICENSED FINANCIAL COMPANY . DEAL FOR $27.25 MILLION . GFI AND GLOBAL BUSINESS SERVICES FOR MULTIMEDIA HAVE EACH AGREED TO PROVIDE USD $7.5 MILLION OF FUNDING TO ACQUIRE FINANCIAL COMPANY . EXPECTS THAT ACQUISITION WILL FACILITATE LAUNCH OF A LENDING PROGRAM TO PAYROLL CARDHOLDERS . ACQUISITION OF THE UAE FINANCIAL COMPANY WILL OCCUR THROUGH A HOLDING COMPANY FORMED IN UAE . DIRECTORS OF THE FINANCIAL COMPANY HAVE STEPPED DOWN IN FAVOUR OF NOMINEES OF GFI AND GBS . GBS AND GFI WILL EACH HOLD A 25% BENEFICIAL OWNERSHIP INTEREST IN THE HOLDING COMPANY FORMED IN THE UAE . GFI OWNS ABOUT 76% OF OUTSTANDING COMMON SHARES OF MINT; GBS OWNS 49% BENEFICIAL INTEREST IN MINT GROUP .HOLDING COMPANY AND FINANCIAL COMPANY WILL BOTH HAVE A BOARD OF 5 DIRECTORS, 3 OF WHOM TO BE APPOINTED BY GBS, 2 TO BE APPOINTED BY GFI.  Full Article

Mint provides corporate update
Friday, 10 Feb 2017 07:59am EST 

Mint Corp : Mint corporation provides corporate update . Mint corp - KYM NO, CPA, CMA has been appointed to position of interim chief financial officer .Says no is replacing Rishi Tibriwal following his resignation to pursue other opportunities.  Full Article

Mint says Mint Middle East signed term sheet to acquire a UAE Central Bank licensed financial co
Thursday, 2 Feb 2017 02:42pm EST 

Mint Corp : Mint provides corporate update . Mint Middle East LLC has signed a term sheet to acquire a UAE Central Bank licensed financial company through a company to be incorporated . Purchase price is USD$27.25 million . Currently exploring options to raise capital . Expects that acquisition will facilitate launch of a lending program to payroll cardholders .Expects that raised capital will be raised by acquirer without issuance of securities by mint.  Full Article

Laster Tech raises issue price of new shares to T$30/share from T$27.5/share
Friday, 25 Nov 2016 01:51am EST 

Laster Tech Corp Ltd <3346.TWO>: Says it raised issue price of new shares to T$30 per share from T$27.5 per share .Says previous release disclosed on Oct. 24.  Full Article

Mint Corp closes private placement
Wednesday, 24 Jun 2015 09:13am EDT 

Mint Corp:Raises $11,500,000 through the private placement sale of $10,000,000 of Series C Debentures at par on a brokered private placement basis.Says the sale of 20,000,000 units at $0.05 per units on a non-brokered private placement basis to raise $1,000,000.  Full Article

Mint Corp announces additional private placement details
Wednesday, 17 Jun 2015 04:17pm EDT 

Mint Corp:Announces that Gravitas Financial Inc has subscribed for $1,000,000 of the Unit.Units are to be issued for $0.05 each.Says a Unit will consist of one common share of Mint and one-half of one common share purchase warrant.  Full Article

More From Around the Web

BRIEF-Mint enters into debt restructuring agreement in principle

* Mint - entered into non-binding term sheet with gravitas financial ,holders of substantially all series a debentures, all of series c debentures

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