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This PR gives me hope that MIT will

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Sam Dan Member Level  Wednesday, 06/05/19 09:23:38 AM
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This PR gives me hope that MIT will be in a better position once the sale of shares held by Gravitas is completed.

") ("Mint") announces that it has entered into a participation agreement dated June 4, 2019 with the majority holders of secured debt in Gravitas Financial Inc. ("Gravitas") and Mint. In so doing, Mint has agreed to support a solicitation process which could result in a change in ownership or control of the Mint shares now owned by Gravitas and other shareholders of Mint and/or the debt now owing by Mint to Gravitas. The solicitation process could also result in restructuring proposals for consideration by Mint.

A target date of June 21, 2019 has been set for the selection of successful bids under the solicitation process, which Mint anticipates will lead to additional funding required by Mint to develop its business.

Gravitas owns approximately 53% of the shares in Mint on a non-diluted basis.


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