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Mint Corp (MIT.V)

MIT.V on TSX Venture Exchange

0.10CAD
22 Mar 2017
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$-0.03 (-22.22%)
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Latest Key Developments (Source: Significant Developments)

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

Mint Corp Announces private placement
Friday, 29 May 2015 04:04pm EDT 

Mint Corp:Says it proposes to raise minimum of $10 million and maximum of $20 million through sale of series c debentures.Net proceeds of offering will be used to complete payments processing platform built by Mint gateway for electronic payment services llc.Proposes to raise minimum of $1 million and maximum of $2 million from sale of units on a non-brokered basis.  Full Article

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* THE MINT CORPORATION: ACQUISITION OF A UAE FINANCIAL COMPANY

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