By Laura Lutz
Des Moines, March 5 - Mint Technology Corp. arranged a C$1.04 million non-brokered private placement of units.
The deal consists of 13.8 million units of one share and one warrant at C$0.075 apiece. Each warrant will be exercisable at C$0.10 for two years.
After settlement, the investors will hold about 61% of the outstanding stock of Mint.
Mint is a Toronto-based payment solutions company.
| Issuer: | Mint Technology Corp.
|
| Issue: | Units of one share and one warrant
|
| Amount: | C$1,035,000
|
| Units: | 13.8 million
|
| Price: | C$0.075
|
| Warrants: | One per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$0.10
|
| Agent: | Non-brokered
|
| Pricing date: | March 5
|
| Stock symbol: | TSX Venture: MIT
|
| Stock price: | C$0.125 at close March 5
|
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