TORONTO, Jan. 25, 2018 — The Mint Corporation (TSX-V:MIT) (“MIT” or the “Company”) announces that it has completed the sale of 3,409,090 units for $0.22 each to raise $750,000. This is the closing of the second private placement described in the Company’s news release of January 11, 2018. In connection with this closing, the Company paid finder compensation consisting of $28,700 and issued 130,454 finder warrants.
The securities issued on closing, including any securities issued upon exercise of the unit warrants or finder warrants, are subject to a four month hold period which expires on May 26, 2018.
About The Mint Corporation
Mint, through its majority owned subsidiaries (the “Mint Group”), is a leading globally certified payments company focused on offering financial services to the unbanked salaried worker based in Dubai, United Arab Emirates (UAE). The Mint Group provides employers with payroll disbursement service by offering salaries via a reloadable globally accepted prepaid card issued under MasterCard and Union Pay International schemes for their unbanked employees. These employees earn regular salaries and have long-term work permits. The Mint card effectively becomes a cardholder’s bank account. The Mint Group offers a comprehensive suite of value added services for its corporate clients and to their employees via a fully functional mobile application linked to their card account. The Mint Group network covers the entire spectrum of payments value chain from issuing, processing and acquiring with its own proprietary ATM network and does the processing and settlement of transactions through its in-house payment platform.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
The Mint Corporation