Feb 2 (Reuters) - Mint Corp MIT.V :
* Mint provides corporate update
* Mint Middle East LLC has signed a term sheet to acquire a UAE Central Bank licensed financial company through a company to be incorporated
* Purchase price is USD$27.25 million
* Currently exploring options to raise capital
* Expects that acquisition will facilitate launch of a lending program to payroll cardholders
* Expects that raised capital will be raised by acquirer without issuance of securities by mint Source text for Eikon: ID:nCCN4dx1m6 Further company coverage: MIT.V