Mint Announces Further Agreement and Investment by Carta

PR-CANADA.net - Mint Announces Further Agreement and Investment by Carta
Mint Technology Corp. (TSX VENTURE:MIT) announced today that as part of a broader development of the relationship between Mint and Carta that it has completed the non-brokered private placement of 1,600,000 units to Carta Solutions S.A. for proceeds of $200,000. Each unit consisted of one common share and three-quarters of a common share purchase warrant. This private placement was announced on October 5, 2010. Carta had previously invested $550,000 on July 6, 2010 comprising 4,400,000 units consisting of one common share and a half of a common share purchase warrant.

In both placements each whole common share purchase warrant is exercisable for $0.15 until April 30, 2012.
In addition, Mint also announced today that it has borrowed $500,000 from Carta Worldwide Inc. for working capital purposes. The loan is repayable in 12 equal monthly installments of principal and interest at 10% per annum. Carta Worldwide Inc. is a subsidiary of Carta Solutions S.A.