reports
Mint Announces Entering into Debt Settlement Agreement
Toronto, Ontario--(Newsfile Corp. - September 8, 2021) - The Mint Corporation (TSXV: MIT) ("Mint" or the "Company") is pleased to announce that further to its press release dated May 6, 2021, it has entered into a debt settlement agreement with Mobile Telecommunications Group LLC ("MTG"), Global Business Services for Multimedia ("GBS" and together with MTG, the "Creditors"), Mint Middle East LLC ("MME"), and Mint Gateway for Electronic Payment Services ("MGEPS"), dated August 31, 2021 (the "Debt Settlement Agreement"). Terms of Debt SettlementPursuant to the Debt Settlement Agreement, the Comp...
MINT Announces Annual and Special Meeting for September 30, 2021
Toronto, Ontario--(Newsfile Corp. - July 21, 2021) - The Mint Corporation (TSXV: MIT) ("Mint" or the "Company") is pleased to announce that it intends to hold its annual and special meeting of its shareholders (the "Meeting") on September 30, 2021 in Toronto, Ontario. The Company is issuing the press release at the request of the TSX Venture (the "TSXV"), as the Company has been put on notice by the TSXV that it has not held one or more prior annual shareholder meetings within the time periods prescribed by the TSXV. The delay has resulted in part from the proposed debt restructuring (the "Deb...
Mint Signs Agreement for Debt Restructuring
Toronto, Ontario--(Newsfile Corp. - May 6, 2021) - The Mint Corporation (TSXV: MIT) ("Mint" or the "Company") announces that the Company and its subsidiaries, Mint Middle East LLC ("MME") and Mint Gateway for Electronic Payments LLC ("MGEPS"), (collectively, MME and MFEPS, shall be referred to as "Mint UAE") have entered into a letter of intent (the "Agreement") with Mobile Telecommunications Group LLC ("MTG") and Global Business Services ("GBS") in connection with a restructuring and repayment arrangement in respect of all outstanding debts owing amongst and as between these entities (the "P...
Mint Announces Closing of Previously Announced Shares for Debt and Sha...
Toronto, Ontario--(Newsfile Corp. - November 25, 2020) - The Mint Corporation (TSXV: MIT) ("Mint" or the "Company") today announced that it has completed the shares for debt transaction (the "Shares for Debt Transaction") announced on June 29, 2020. Pursuant to the Shares for Debt Transaction, the Company issued 19,918,258 common shares at a deemed price per common share of $0.05 to satisfy $995,912.87 of indebtedness owed to Mobile Telecommunication Group LLC ("MTG"). The indebtedness was pursuant to accrued and unpaid interest on the Series A debentures of the Company held by MTG.MTG is a wh...
Mint Financial Statements Filed and Corporate Update
Toronto, Ontario--(Newsfile Corp. - September 4, 2020) - The Mint Corporation (TSXV: MIT) ("Mint" or the "Company") announced today that it has filed its interim financial statements and related management discussion and analysis for the three and six month periods ended June 30, 2020. These can be found under Mint's SEDAR profile at .Mint is also pleased to announce the appointment of Winfield Ding as the Company's new Chief Financial Officer effective September 4, 2020.Mr. Ding has been CFO and director for a number of public companies in Canada. He is a seasoned senior finance executive wit...
Mint Announces Delayed Filing of Quarterly Disclosure Documents
Toronto, Ontario--(Newsfile Corp. - August 21, 2020) - The Mint Corporation (TSXV: MIT) ("Mint" or the "Company") today announced in accordance with Ontario Instrument 51-505 Temporary Exemption from Certain Corporate Finance Requirements with Deadlines during the Period from June 2 to August 31, 2020 of the Ontario Securities Commission (the "Blanket Exemption Order"), which was adopted for the purpose of providing certain filing and other relief to issuers in light of the challenges posted by the COVID-19 pandemic, that it will be delaying the filing and delivery of certain of its continuous...
Mint Corporation Financial Statements Filed
Toronto, Ontario--(Newsfile Corp. - July 15, 2020) - The Mint Corporation (TSXV: MIT) ("Mint" or the "Company"), announced today that it has filed its unaudited interim condensed consolidated financial statements, MD&A and related CEO and CFO certificates for the three months ended March 31, 2020 (the "Interim Filings"). The Interim Filings can be found under Mint's SEDAR profile at .About MintThe Mint Corporation through its majority-owned subsidiaries (the "Mint Group"), is a globally-certified payments company headquartered in Toronto, Canada with its primary business in Dubai, UAE. The Mi...
Mint Announces Shares for Debt Transaction
Toronto, Ontario--(Newsfile Corp. - June 29, 2020) - The Mint Corporation (TSXV: MIT) ("Mint" or the "Company") today announced that it has entered into a shares for debt agreement, pursuant to which the Company proposes to issue 19,918,258 common shares at a deemed price per common share of $0.05 (the "Shares for Debt Settlement") to satisfy $995,912.87 of indebtedness currently owing to Mobile Telecommunication Group LLC ("MTG"). The indebtedness is pursuant to accrued and unpaid interest on the Series A debentures of the Company held by MTG. MTG is a wholly-owned subsidiary of Global Busine...
Mint Financial Statements Filed
Toronto, Ontario--(Newsfile Corp. - June 12, 2020) - The Mint Corporation (TSXV: MIT) ("Mint" or the "Company"), announced today that it has filed its audited annual financial statements, MD&A and related CEO and CFO certificates for its financial year-ended December 31, 2019 (the "Year End Filings"). The Year End Filings can be found under Mint's SEDAR profile at About MintThe Mint Corporation through its majority-owned subsidiaries (the "Mint Group"), is a globally-certified payments company headquartered in Toronto, Canada with its primary business in Dubai, UAE. The Mint Group provides emp...
Letter to the Shareholders - The Mint Corporation
Toronto, Ontario--(Newsfile Corp. - June 1, 2020) - The Mint Corporation (TSXV: MIT).Dear Shareholders,As we navigate these turbulent times, we wanted to give you an update on how we believe The Mint Corporation (TSXV: MIT) ("Mint") is well positioned for 2020 and beyond. We would like to highlight several significant developments over the past few months and our current plans to further build our business.New Majority ShareholderAt the end of December 2019, Global Business Services for Multimedia ("GBS"), Mint's business partner in the United Arab Emirates ("UAE"), became majority owner of ...
Mint Announces Update on Filing of Annual Disclosure Documents and Del...
Toronto, Ontario--(Newsfile Corp. - May 27, 2020) - The Mint Corporation (TSXV: MIT) ("Mint" or the "Company") today provided an update in accordance with Ontario Instrument 51-502 Temporary Exemption from Certain Corporate Finance Requirements of the Ontario Securities Commission (the "Blanket Exemption Order"), which was adopted for the purpose of providing certain filing and other relief to issuers in light of the challenges posted by the COVID-19 pandemic, with respect to the filing and delivery of certain of its continuous disclosure documents.Further to the Company's press release dated ...
Mint Receives TSX Venture Exchange Final Approval of Previously Announ...
Toronto, Ontario--(Newsfile Corp. - May 13, 2020) - The Mint Corporation (TSXV: MIT) ("Mint" or the "Company") today announced that it has received final approval from the TSX Venture Exchange (the "TSXV") of the sale by the Company's subsidiaries, Mint Middle East LLC and Mint Gateway for Electronic Payments LLC (collectively "Mint UAE") of Mint UAE's direct payroll disbursement service business in the United Arab Emirates (the "Transaction"). TSXV conditional approval of the Transaction was announced by Mint in a press release issued on April 24, 2020.TSXV final approval of the Transaction ...
Mint Receives TSX Venture Exchange Conditional Approval of Previously ...
Toronto, Ontario--(Newsfile Corp. - April 24, 2020) - The Mint Corporation (TSXV: MIT) ("Mint" or the "Company") today announced that it has received conditional approval from the TSX Venture Exchange (the "TSXV") of the sale by the Company's subsidiaries, Mint Middle East LLC and Mint Gateway for Electronic Payments LLC (collectively "Mint UAE") of Mint UAE's direct payroll disbursement service business in the United Arab Emirates (the "Transaction"). The Transaction was announced by Mint in a press release issued on February 4, 2020.The TSXV has determined that the Transaction constitutes a...
Mint Announces Delayed Filing of Annual Disclosure Documents
Toronto, Ontario--(Newsfile Corp. - April 14, 2020) - The Mint Corporation (TSXV: MIT) ("Mint" or the "Company") today announced in accordance with Ontario Instrument 51-502 Temporary Exemption from Certain Corporate Finance Requirements of the Ontario Securities Commission (the "Blanket Exemption Order"), which was adopted for the purpose of providing certain filing and other relief to issuers in light of the challenges posted by the COVID-19 pandemic, that it will be delaying the filing and delivery of certain of its continuous disclosure documents.The Company is relying on the Blanket Exem...
Mint Reaches Agreement to Divest Its Payroll Card Portfolio
Toronto, Ontario--(Newsfile Corp. - February 4, 2020) - The Mint Corporation (TSXV: MIT) ("Mint" or the "Company") announces that its subsidiaries, Mint Middle East LLC and Mint Gateway for Electronic Payments LLC (collectively "Mint UAE") have entered into a binding asset purchase agreement dated January 16, 2020 (the "Agreement") to divest its direct payroll disbursement service business through its payroll card portfolio in the United Arab Emirates ("UAE") (the "Transaction") to a leading payroll disbursement and card provider in the UAE (the "Buyer"), a party arm's length to the Company an...
The Mint Corporation Announces Director Changes
Toronto, Ontario--(Newsfile Corp. - January 21, 2020) - The Mint Corporation (TSXV: MIT) ("Mint" or the "Company") wishes to announce that Mr. Neil Gilday has resigned his position as a director of Mint effective January 11, 2020. "On behalf of the board, I thank Neil for his contribution and wish him all the best in the future," said Vishy Karamadam, CEO of Mint.Mint is pleased to announce that Mr. Firas Al Fraih, a senior officer and director of Global Business Services for Multimedia ("GBS") and Mobile Telecommunication Group LLC ("MTG") (the new majority shareholders of Mint) has joined a...
Mint Announces a Change of Control
Toronto, Ontario--(Newsfile Corp. - January 7, 2020) - The Mint Corporation (TSXV: MIT) ("Mint") announces that Global Business Services for Multimedia ("GBS") and Mobile Telecommunication Group LLC ("MTG" and together with GBS, the "Buyers"), have issued an early warning news release announcing their acquisition of certain securities previously issued by Mint and debts of Mint, including: (i) 109,670,736 common shares of Mint ("Common Shares"); (ii) 16,000,000 subscription receipts of Mint (the "Subscription Receipts") exercisable for 16,000,000 Common Shares for no additional consideration; ...
Early Warning Report Issued Pursuant to National Instrument 62-103 Acq...
Toronto, Ontario--(Newsfile Corp. - January 6, 2020) - This press release is being disseminated as required by National Instrument 62‐103 The Early Warning System and Related Take Over Bids and Insider Reporting Issuers in connection with the filing of an early warning report (the "Early Warning Report") regarding the acquisition of securities of The Mint Corporation (TSXV: MIT) ("Mint"), with its head office located at 333 Bay Street, Suite 1700, Toronto, Ontario M5H 2R2, by Global Business Services for Multimedia ("GBS"), with its head office located at Floor 10, Office 3, Al Otaibal Buildin...
Mint Appoints New Director
Toronto, Ontario--(Newsfile Corp. - December 5, 2019) - The Mint Corporation (TSXV: MIT) (OTCQB: MITJF) ("Mint" or the "Company") announces that Rebecca Ong-Goodman has been appointed as a director of the Company and a member of Mint's audit committee. Rebecca is a CFA and CPA with over 30 years' finance experience. Until recently, Rebecca was the Chief Financial Officer of Gravitas Financial Inc.The Board of Directors has approved the grant to Rebecca Ong-Goodman of incentive stock options to purchase up to 100,000 common shares at an exercise price of $0.05 per share, exercisable until Novem...
The Mint Corporation - Letter to Shareholders
Toronto, Ontario--(Newsfile Corp. - October 3, 2019) - The Mint Corporation (TSXV: MIT) ("Mint" or the "Company") today released the following letter to shareholders.Dear Shareholders, Mint management feels that it is important to provide shareholders with further clarity on the press release issued on Sept 27, 2019 titled "Mint Announces a Definitive Share Purchase Agreement and Interim Funding Agreement". The transaction described in the above-mentioned press release (the "Proposed Transaction") was an outcome of a Sales and Investment Solicitation Process (SISP) that was undertaken by the...
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