Non-brokered offering slated to fund debt repayment, working capital
By Devika Patel
Knoxville, Tenn., Aug. 27 - Mint Corp. said it will conduct a C$2 million non-brokered private placement of stock.
The company will sell 20 million common shares at C$0.10 per share. The price per share represents an 11.11% premium to the Aug. 26 closing share price of C$0.09.
Settlement is expected Sept. 30.
Proceeds will be used to pay debt and for working capital.
Mint provides prepaid financial products and services and is based in Toronto.
| Issuer: | Mint Corp.
|
| Issue: | Common shares
|
| Amount: | C$2 million
|
| Shares: | 20 million
|
| Price: | C$0.10
|
| Warrants: | No
|
| Agent: | Non-brokered
|
| Pricing date: | Aug. 27
|
| Settlement date: | Sept. 30
|
| Stock symbol: | TSX Venture: MIT
|
| Stock price: | C$0.09 at close Aug. 26
|
| Market capitalization: | C$2.14 million
|
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