TORONTO, Sept. 15, 2011 /CNW/ - Following the departure of Jay Noronha
from DWM Securities Inc., Doug Stone (the "Offeror"), a Registered
Portfolio Manager with DWM Securities Inc. who has been appointed
interim servicing advisor for Jay Noronha's former discretionary client
accounts, acquired control or direction over 11,677,500 common shares
(the "Common Shares") of Mint Technology Corp. (the "Company"),
representing approximately 10.33% of the total outstanding Common
In aggregate, the Offeror owns or exercises control or direction over a
total of 15,150,166 Common Shares representing approximately 13.41% of
the total outstanding Common Shares and 242,666 Warrants that, if
exercised, together represent approximately 13.60% of the total
outstanding Common Shares.
Of the Warrants, 56,000 Warrants are exercisable at a price of USD$1.00
per Warrant for one unit consisting of secured debentures and two
Common Shares and expire on March 7, 2014, and 186,666 Warrants are
exercisable for one common share at a price of $0.15 per Common Share
and expire on March 6, 2013.
SOURCE Mint Technology Corp.
For further information:
please contact Moira Simo, VP Compliance at 416-350-5049.