TORONTO, ONTARIO–(Marketwired – April 28, 2017) – The Mint Corporation (TSX VENTURE:MIT) (“Mint” or the “Company”) announces that it has entered into a non-binding term sheet (the “Term Sheet”) with Gravitas Financial Inc. (“GFI”) and the holders (the “Senior Debentureholders”) of substantially all its Series A debentures and all of its Series C debentures. The Term Sheet provides for a restructuring of the debt owing to the Senior Debentureholders, and that restructuring is conditional upon the holders of the Series B debentures agreeing to the terms of a proposed restructuring of their debentures on substantially similar economic terms (pro rata) as the restructuring agreed with the Senior Debentureholders.
April 28, 2017 at 04:15PM
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