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News for Mint Technology Corp. |
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Breaking
News
Mint Technology Corp. Amends Stock
Options
17:45 EST Friday, January 05, 2007
FSC / Press Release
Mint Technology Corp. Amends Stock Options
Toronto, Ontario CANADA, January 05, 2007 /FSC/ - Mint Technology Corp.
(MIT - TSX Venture), ("Mint" or the "Company"), announced today that
its Board of Directors has granted incentive stock options to Mint
employees, Officers, and members of the Board of Directors, to purchase
up to an aggregate of 7,635,000 common shares in the capital stock of
the Company, exercisable at a price of $0.12 per share.
The Board of Directors has also amended the Company's stock option
plan, changing the plan from a fixed plan to a rolling plan. The
amendments to the plan increase the maximum number of common shares
issuable under the plan by 7,370,284 shares to 13,913,236 common shares
(which is 10% of the issued common shares).
The Board of Directors approved amendments to reduce the exercise price
of 4,335,000 outstanding incentive stock options (under which
approximately 3,370,000 options have been granted to insiders) to $0.12
per share.
The reduction in the price of the outstanding stock options granted to
insiders, and the amendments to the stock option plan, are subject to
the approval of the company's disinterested shareholders and regulatory
approval.
The Board of Directors has called an annual and special meeting of
shareholders to be held in Toronto on February 5, 2007 to consider the
amendments to the stock options and the stock option plan.
- 30 ?
For further information please contact:
Dean Thrasher
Executive Vice President
416-581-0001 EXT. 241
dthrasher@mintinc.com
About Mint Technology Corp.
Mint is a leading payment solutions company. Through its' payment
platform and prepaid credit card programs, Mint is the first in Canada
to facilitate and deploy prepaid credit cards with unique features such
as co-branding and loyalty programs, and new wireless payment
alternatives such as; contactless functionality. The company is
headquartered in Toronto, Ontario.
Forward-looking statements: Except for statements of historical fact,
all statements in this news release - including, without limitation,
statements regarding future plans and objectives, are forward-looking
statements that involve various risks and uncertainties. There can be
no assurance that such statements will prove to be accurate; actual
results and future events could differ materially from those
anticipated in such statements.
The TSX venture exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
Not for distribution to u.s. news wire services or for dissemination in
the u.s.
Source: Mint Technology Corp. (TSX-V: MIT) www.mintinc.com
Maximum News Dissemination by Filing Services Canada Inc.
Ph: (403) 717-3898 Fx: (403) 717-3896 www.usetdas.com
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