TORONTO, ONTARIO--(Marketwire - Dec. 19, 2012) -
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE U.S.
Mint Technology Corp. (TSX VENTURE:MIT) ("Mint" or the "Company") announces that the holders of $850,000 of Series I Debentures and $1,695,400 of Series II Debentures have extended the maturity date of those debentures to September 15, 2015 in consideration for 0.5 common shares of Mint for every $1.00 of debenture extended. Following this extension, (a) USD$607,750 of Series I Debentures are outstanding, all of which mature on January 25, 2013; and (b) $170,000 of Series II Debentures are outstanding, of which $85,000 mature on March 7, 2013 and $85,000 mature on March 23, 2013. A total of 1,272,700 common shares were issued as bonus shares in connection with the extension. The common shares issued are subject to a hold period expiring on April 15, 2013.
Mint has agreed to pay cash compensation of $26,750 to dealers whose clients have extended their debentures.
ABOUT MINT TECHNOLOGY CORP.
Established in 2004, Mint is the world's first vertically integrated prepaid card and payroll services provider with its own ATM network, payment processing platform and proprietary branded card product delivered to workers in the United Arab Emirates and expanding to other parts of the Middle East. Mint operates through 4 subsidiaries, Mint Middle East LLC, a payroll card services provider; Mint Capital LLC, a financial products distribution company; Mint Global Processing Inc., a fully integrated third party processing platform; and ePAY, a mobile airtime POS and Merchant network solutions business. Mint has 108 employees in 8 offices in UAE (3), Qatar, Jordan, Egypt, USA and Canada where Mint is listed on the TSX Venture Exchange: MIT.
For additional information please visit www.mintinc.com.
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.