Further to the revocation of the FFCTO, the Company obtained the reinstatement of trading in its common shares through the facilities of the TSXV to be effective at the opening on Thursday, October 5, 2023. The Corporation is pleased to report that the FFCTO was fully revoked by the OSC on June 20, 2023. The Company announces the full revocation of the failure-to-file cease trade order (the "FFCTO") by the Ontario Securities Commission (the "OSC") and the reinstatement of its common shares for trading on the TSX Venture Exchange (the "TSXV").Īs previously announced on May 15, 2023, the OSC issued the FFCTO against the Corporation as a result of the Corporation's inability to file its (i) Annual audited financial statements for the year ended December 31, 2022, (ii) Management's Discussion and Analysis for the period ended December 31, 2022, and (iii) certification of annual filings for the period ended December 31, 2022, in each case within the time frame prescribed by National Instrument 51-102.Īs previously announced on June 19, 2023, Mint filed its unaudited financial statements and related Management Discussion and Analysis for the first quarter ended March 31, 2023, and filed its unaudited financial statements and related Management Discussion and Analysis for the second quarter ended June 30, 2023, on August 29, 2023. It is expected that these products will be complementary to obtaining a bank license in the UAE. Accordingly, MME is also evaluating the launch of additional fintech products and services, including payroll products, in partnership with other financial institutions. The term of MME's non-compete period from its previously announced divestment of its card portfolio has expired. MME continues to maintain its core operating and management team, technology infrastructure and key relationships in order to assist with launching additional products and services. Given the highly complex nature of this initiative, including capital and regulatory process involved, there is no assurance that MME will be successful in obtaining a bank license to operate in the United Arab Emirates. In January, 2023, MME applied for a banking license in United Arab Emirates and has made significant progress in this initiative with market regulators in the United Arab Emirates. Mint primarily operates its business through its 51% ownership in Mint Middle East LLC ("MME") which has made significant inroads in its effort to obtain a bank license to facilitate the launch of fintech products and services. October 4, 2023) - The Mint Corporation (TSXV: MIT) ("Mint" or the "Company") is pleased to provide a corporate update on its business and the status of its trading. To Seek Banking License in United Arab Emirates Ontario Securities Commission Revokes Cease Trade Order
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |