Mint Leasing aims to price public offering of 70 million common shares

Company raises funds to pay down debt and acquire additional vehicles

By Devika Patel

Knoxville, Tenn., June 8 - Mint Leasing, Inc. will price a public offering of its common stock, according to a Form S-1 filed Friday with the Securities and Exchange Commission.

Trellis will sell 70 million common shares at a price to be determined.

The company's stock (OTCBB: MLES) closed at $0.052 per share on June 7.

Proceeds will be used to pay down debt, acquire additional vehicles for leases, for marketing initiatives, working capital and general corporate purposes.

The Houston company provides motor vehicle financing.

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