MineHub Increases Financing and Removes Warrants

11月 3, 2022
Press Release

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Vancouver, B.C., November 3, 2022. MineHub Technologies Inc. (TSXV: MHUB, OTCQB: MHUBF) (“MineHub” or the “Company”) is pleased to announce that its previously announced (on October 18, 2022) non-brokered private placement (the “Private Placement”) to raise total proceeds of up to C$2,000,000 will now be increased to C$2,500,000 and conducted by the issuance of shares only and no warrants. The Private Placement will consist of up to 12,500,000 common shares at a price of $0.20 per common share.

Arnoud Star Busmann, CEO at MineHub said: “with strong demand from a very supportive shareholder base, and a testament to their long term vision, we will be increasing the amount of and removing the warrant associated with the previously announced financing”.

Proceeds of the Private Placement will be used for general working capital purposes.  The completion of the Private Placement is subject to approval of the TSX Venture Exchange (“TSXV”). All shares issued under the Private Placement will bear a hold period of four months and one day from the date of issuance. The Company will pay finder’s fees in connection with Private Placement as permitted by applicable securities laws and the rules of the TSXV.

About MineHub Technologies

MineHub is an open, enterprise-grade platform for digital trade, bringing efficiency, transparency and responsibility to supply chains. MineHub connects the many parties involved in a physical commodity transaction in a digitally integrated workflow, operating on the basis of shared authentic and validated information secured by a global enterprise blockchain network.  Users of MineHub are in full control of their supply chains, enabling them to optimize their use of resources, respond better and faster to customer needs and have confidence in the resilience, security and compliance of their operations.

Arnoud Star Busmann
CEO, MineHub Technologies Inc.

For further information regarding MineHub, please email info@Minehub.com or visit our website at www.minehub.com

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