TORONTO, ONTARIO--(Marketwired - June 17, 2015) -


The Mint Corporation (TSX VENTURE:MIT) ("Mint" or the "Company") announces that Gravitas Financial Inc. ("Gravitas") has subscribed for $1,000,000 of the Unit offering referred to in its May 29, 2015 press release. The Units are to be issued for $0.05 each. A Unit will consist of one common share of Mint and one-half of one common share purchase warrant. Each warrant will be exercisable for one common share at an exercise price of $0.05 during the 18 months following the first closing. The Unit offering is subject to stock exchange approval. The closing of the Unit offering is to occur contemporaneously with the closing of the offering of Series C Debentures described in the May 29, 2015 press release.

Mint is also in discussions with Gravitas for a loan of $3,000,000 to Mint Gateway for Electronic Payment Services LLC, a United Arab Emirate company 49% owned by Mint through its wholly owned subsidiary Mint Capital LLC. The loan is expected to be guaranteed by Mint Capital, to be secured against the assets of Mint Capital (but subordinated to the Series C Debenture security), to bear interest at 4.5% per annum and to mature 36 months following the first advance.

Gravitas is a related party of Mint under Multilateral Instrument 61-101 ("MI 61-101"). With respect to the Unit offering, Mint is exempt from the formal valuation requirement and shareholder approval requirement of MI 61-101, as described in more detail in the material change report to be filed in connection with these financings. Having regard to these exemptions and the Mint's desire to close the financings described above as soon as possible, the Company believes that it is reasonable to close the private placement less than 21 days after the date of this news release.

The securities offered have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or applicable exemption from the registration requirements. This news release does not constitute an offer to sell or the solicitation of any offer to buy nor will there be any sale of these securities in any province, state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such province, state or jurisdiction.

Forward-Looking Statements

This press release contains forward-looking statements. More particularly, this press release contains statements which include the possible loan by Gravitas to Mint Gateway for Electronic Payment Services LLC. The forward-looking statements are based on certain expectations and assumptions made by Mint. Although Mint believes that those expectations and assumptions are reasonable, undue reliance should not be placed on the forward-looking statements because Mint can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those anticipated due to a number of factors and risks. In addition to other risks, the terms and amount of the loan to Mint Gateway for Electronic Payment Services LLC could change or the parties could fail to reach agreement. The forward-looking statements contained in this press release are made as of the date hereof. Mint disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required under applicable securities laws.

General Disclosure Statement

Investors are encouraged to read the Management Discussion and Analysis Documents filed on SEDAR for a description of additional risks associated with investing in the Company. The following statement is only intended to inform investors on certain of the many risks associated with investing in the Company. The Company operates predominantly in the Middle East and North Africa ("MENA"). It is accordingly exposed to significant political, legal and regulatory risks associated with operating in these emerging and volatile markets. The key management personnel and operations of the Company are based in countries which do not have strong and reliable judicial enforcement. This results directly in additional risk with respect to the enforcement of legal and contractual rights, including, for example but without limitation, the enforcement of the rights of creditors, the protection of intellectual property rights, the enforcement of joint venture arrangements, and binding key employees with non-compete agreements. Since inception, the Company has not reached profitability. The Company relies heavily on high-cost, debt financing to fund its business plan. This has exposed the Company to unique financial risks associated with significantly higher than normal debt levels. Investors in the company are strongly encouraged to be aware of the significant risks of the company, to conduct additional due diligence and to seek the help of a licensed investment advisor before considering to invest in securities of the Company. Moreover, investors must be aware that the purchase of the Company's securities involves a number of additional significant risks and uncertainties, as disclosed in the Management Discussion and Analysis reports filed on SEDAR by the Company. Investors considering purchasing securities of the Company should be able to bear the economic risk of total loss of such investment.

About The Mint Corporation

Established in 2004, Mint is the world's first vertically integrated prepaid card and payroll services provider with its own ATM network, payment processing platform and proprietary branded card product delivered to workers in the United Arab Emirates and expanding to other parts of the Middle East. Mint operates through its subsidiary, Mint Middle East LLC, payroll card services provider in UAE.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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Contact Information:

The Mint Corporation
Rishi Tibriwal
Chief Financial Officer
(647) 252-1675