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Mint Technology proposes C$15 million private placement
By Sheri Kasprzak
Atlanta, Jan. 7 - Mint Technology Corp. said it plans to raise C$15 million in a private placement.
So far, the offering has not been priced, according to the company's managing director, Dean Thrasher.
"We expect it to price in the next couple of weeks," Thrasher said in an interview.
The company has retained GMP Securities Ltd. as the placement agent for the deal.
Based in Toronto, Mint provides electronic payment transactions. The company plans to use the proceeds from the offering for the expansion of sales and marketing, contract implementation and general working capital.
On Thursday, the company's stock closed unchanged at C$0.61.
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