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News for Mint Technology Corp. |
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Breaking
News
Mint Technology Corp. Announces
Shareholder Approval of Debt Conversion
08:30 EDT Friday, October 27, 2006
Not For Distribution To U.S. News Wire Services Or For Dissemination In
The U.S.
FSC / Press Release
Mint Technology Corp. Announces Shareholder Approval of Debt Conversion
Not For Distribution To U.S. News Wire Services Or For Dissemination In
The U.S.
Toronto, Ontario CANADA, October 27, 2006 /FSC/ - Mint Technology Corp.
(MIT - TSX Venture), announced today that the Company held a special
meeting of shareholders on October 23rd, 2006 at which shareholders
authorized Mint to issue common shares at $0.07 per share in
satisfaction of the amount owing by Mint under its secured credit
agreement dated as of February 10, 2006. Approximately $4.7 million is
now owing under the credit agreement. Of the shareholders that
submitted votes in person or by proxy, 94.4% voted in favour of the
proposal, and 5.6% voted against the proposal.
-30-
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.
The TSX venture exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release. This news
release may include statements about future events and/or financial
statements that are forward looking in nature, subject to risks and
uncertainties
For more information please contact:
Dean Thrasher
EVP Corporate Development
Mint Technology Corp.
Tel: 416.581.0001 ext. 241
Fax: 416.581.1527 (private)
Maximum News Dissemination by Filing Services Canada Inc.
Ph: (403) 717-3898 Fx: (403) 717-3896 www.usetdas.com
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