MineHub Announces $3 Million Private Placement

February 22, 2022
Press Release


Vancouver, B.C., February 22, 2022. MineHub Technologies Inc. (TSXV: MHUB, OTCQB: MHUBF) (“MineHub” or the “Company”) is pleased to announce a non-brokered private placement (the “Private Placement”) to raise total proceeds of up to C$3,000,000. The Private Placement will consist of 3,000,000 units at a price of $1.00 per unit (each a “Unit”). Each Unit is comprised of one common share of the Company and one-half of one transferable common share purchase warrant (each whole being a “Warrant”). Each Warrant entitles the holder to acquire one common share of the Company for a period of 2 years from closing at a price of $1.50.

Arnoud Star Busmann, CEO at MineHub said: “Recent announcements, including our partnership with a conglomerate such as Sumitomo Corp, along with expected traction from existing and new large corporate customers, highlight the Companies potential growth path in 2022. We have continued to attract fundamental investors who understand both the immediate and long term upside potential of the Company.  This financing is being done with key investors to support what we expect to be significant adoption and rollout of the MineHub platform in multiple large corporate networks, and look forward to 2022 as an exciting and transformative year for the Company”.

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


Media Contact
Citigate Dewe Rogerson, Angus Campbell at angus.campbell@citigatedewerogerson.com

Investor Relations
RB Milestone Group, LLC (RBMG) at minehub@rbmilestone.com

Cautionary Note Regarding Forward-Looking Statements

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release contains statements that are considered “forward-looking information” within the meaning of applicable Canadian securities legislation (“forward-looking statements”) with respect to MineHub including, but not limited to, statements with respect to MineHub’s future operational plans, the timing of such plans and anticipated customers. Forward-looking statements are statements that are not historical facts are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur. Although MineHub believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, are subject to risks and uncertainties, and actual results or realities may differ materially from those in the forward-looking statements. Such material risks and uncertainties include, but are not limited to, the Company’s ability to raise sufficient capital to fund its operations, applications and for general working capital purposes, changes in economic conditions or financial markets, changes in laws or regulations that could have an impact on the Company’s operations, dependence on its key management personnel and market competition. Other risk factors are identified in the Company’s prospectus dated August 18, 2021, available on the Company’s SEDAR profile at www.sedar.com. There may be other risk factors not presently known that management believes are not material that could also cause actual results or future events to differ materially from those expressed in such forward-looking statements. The forward-looking information is made as of the date included herein.. Forward-looking statements are based on the reasonable beliefs, estimates and opinions of MineHub’s management on the date the statements are made. However, except as required by law, the Company undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors should change.

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Oswald is the former Managing Director of the International Chamber of Commerce Digital Standards Initiative. During his tenure, he constructed a holistic strategy to solve the primary blockers of scaling digitization, created partnerships across the trading ecosystem to accelerate the production of standards and built the awareness required to fuel the adoption of standards and model laws. Before this position, he was the Global Head of Data Strategy for BHP, the world's largest diversified mining company. During his tenure at BHP he gained first-hand insight into supply chain digitization, R&D, Analytics and improvement initiatives. Today Oswald is the Head of Strategy for Monetago.

Echo 在她大部分职业生涯中主要专注于大宗商品交易和市场推广。她从Nichimen Corporation-当年最大的国际综合业务集团之一,开始从事钢铁交易。她在2002加入BHP铁矿石市场团队。在14年间她在上海和新加坡经历过包括铁矿石,冶金用煤,能源用煤,錳和铀等多种黑色金属大宗商品的市场工作。她曾带领中国采购团队在过去几年帮助企业实现采矿成本下降。Echo曾经是BHP包容性&多样化论坛成员之一。随后她加入一家本土上市的国企-厦门信达,并用3年时间建立起以市场为导向的黑色金属大宗商品交易团队。

当時世界最大級の総合商社であったニチメン株式会社に入社し、鉄鋼取引からキャリアをスタート。以来、主に商品取引とマーケティングに専念してきました。  2002年に鉄鉱石のマーケティング担当としてBHPに入社。14年間、上海とシンガポールで鉄鉱石、原料炭、エネルギー炭、マンガン、ウランなどの様々な鉄製品のマーケティングを経験。中国の調達チームを率いて、退職前の数年間には、会社の採掘コストを下げることに成功。インクルージョン&ダイバーシティフォーラムメンバーも務めました。その後、上場国有企業XINDECOに入社し、過去3年間で市場志向の鉄商品の取引能力を強化しました。




Mariana在游戏,金融服务,零售和最近的会员&电子旅行货币等行业担任产品开发和用户体验设计,并拥有超过15年产品负责人的丰富经验。在加入Minehub之前,Mariana曾负责多种B2B和B2C云产品的战略,开发,上线和商业交付。Mariana 拥有丰富的创新和用户体验研究与设计经验,对为客户实现价值充满热情,并享受解决复杂和有意义的产品问题。她出生在葡萄牙,并在1999年搬到英国。Mariana拥有认知心理学博士学位,流利掌握4门语言,同时坚持终身学习和长期进步的心态。

Software Engineer with over 15 years of experience in digital platforms and products. Prior to joining MineHub, Jose was a Technical Lead in IAGL overseeing the technical solutions of several teams for the loyalty platform serving multiple airlines.

Echo has been focusing on commodity trading and marketing for the majority of her career life. She started her journey from steel trading with Nichimen Corporation, by then one of the largest global integrated business enterprises.  She joint BHP in the year of 2002 as iron ore marketer, in the 14 years with the organization, she was experienced various ferro commodities marketing, such as iron ore, metallurgical coal, energy coal, manganese, and uranium, both in Shanghai and Singapore. She led China procurement team to drive the company’s mining cost down in the last couple of years with the organization. Echo was one of the BHP’s Inclusion & Diversity Forum members. She then jointed a listed state-owned company XINDECO to build market-oriented ferro commodity trading capability in the last 3 years.

Mariana is a product leader with over 15 years’ experience in product and UX in a broad context of industries such as gaming, financial services, retail and more recently in loyalty & digital travel currency. Before joining Minehub, Mariana was responsible for the strategy, build, launch and commercial delivery of multiple B2B and B2C cloud-based products. With a background in innovation and UX research & design, Mariana is passionate about delivering value to the customer and enjoys solving complex and meaningful product problems. Originally from Portugal, she moved to the UK in 1999. Mariana holds a PhD in Cognitive Psychology and speaks 4 languages fluently but believes in life-long learning and continuous personal growth.



Sacha带来超过25年的大宗商品交易经验。他曾经和Cargill 与麦格理带领, 建立,成长,转型,售卖,并整合能源,金属,船舶和农业领域的商业机会。在阿姆斯特丹开始农产品交易后,他在2000年搬到Cargill 日内瓦国际交易总部。在2000年Sache在海运部门建立Capesize生意,曾经达到70mio mt 船运记录。2009到2014Sache在新加坡带领Cargill的国际金属生意,使Cargil的铁矿石交易取得世界领先地位。2014Sacha回到日内瓦带领并整合石油化工生意,在他的带领下成功由麦格理集团收购。他后来为麦格理的大宗商品平台提供战略和领导支持。2月开始Sacha开始为多个大宗商品生意提供投资和咨询顾问。

鉱産物取引業界で25年以上の経験。カーギルとマッコーリーのエネルギー、金属、海運、農業関連事業の指揮、構築、成長、変革、売却、統合を担当。アムステルダムでさまざまな農業取引関連職でキャリアをスタートさせた後、2000年にジュネーブにあるカーギルのグローバル貿易本部へ。2000年台前半には、海運部門のケープサイズ事業を拡大。ピーク時には70mio mtの船積み台帳を取り扱っていました。2009年から2014年にかけて、カーギルのグローバル金属事業をシンガポールから指揮する職に異動。カーギルの鉄鉱石・スチール事業の世界的リーダーへの変革に貢献しました。2014年、ジュネーブに戻り、カーギルの石油・石油化学事業――任期中にマッコーリーグループに売却――の指揮と統合を担当。売却された同石油化学事業を指揮し、マッコーリーの鉱産物プラットフォームに統合。その後、マッコーリーの金属・バルク事業でも戦略やリーダーシップの面で貢献しました。今年2月から、投資家として、また、鉱産物事業へのアドバイザーとして、新たな境地を開いています。



Mathijs Bulten拥有超过20年产业升级的经验。在加入MineHub前,他曾担任德勤的董事,负责用人工智能,低代码开发工具,和机器人等创新技术实现流程自动化。Mathijs曾经在欧洲,亚洲和美洲领导过大型项目的运营、财务、合规和客户服务。他拥有物流和创业背景与MBA学位。


李娜是一个会多国语言,专注与中欧跨境基金和新兴市场投资的创业者。在加入MineHub之前,李娜作为洪泰基金的欧洲首席代表。她建立了一个中国私募平台,在中国代表世界知名的私募基金活动IPEM,并与中国,法国和卢森堡的政府,金融机构,基金管理公司和服务商等紧密合作。她拥有UTT France人工智能博士学位,可以流利使用中文,英文和法文。拥有跨文化和技术背景,李娜为多个跨国技术项目发展提供咨询并在中国和欧洲建立了优质社交网络。


Joseph Nakhl是bazinga! Technologies Inc.,世界上最大的公寓管理系统创始人和首席执行官。Nakhla先生也是Eli Technologies,一家为房地产提供人工智能服务的技术公司和Tribe Management,大不列颠哥伦比亚地区最大的房地产服务提供商平台的创始人。在bazinga! 之前,Joseph是加拿大最大的云服务付款系统TIO Networks的首席运营官,2017年被Paypal收购。Joseph在BCIT学习城市建筑工程和商业执行管理。

世界最大のコンドミニアム管理ソリューション供給会社「バジンガ!テクノロジーズ(bazinga! Technologies Inc.)」の設立者・CEO。不動産取引向けAIソリューションの「イライ・テクノロジーズ」、およびブリティッシュコロンビア州最大の不動産ソリューション供給会社の1つ「トライブ・マネジメント」の設立者でもあります。バジンガ!を設立するまでは、カナダ最大のクラウドベース支払い処理業者の一つ「TIOネットワークス」(2017年にペイパルが買収)の業務最高責任者(COO)を務めていました。ブリティッシュコロンビア工科大学で、土木・構造工学とエグゼクティブビジネスマネジメントを学びました。

Hugh Halford-Thompson是一个在区块链领域有超过8年经验的软件开发创业者和投资人。Hugh是BTL Group-世界上第一个区块链上市公司和QuickBitcoin,英国最大比特币交易商的创始人。Hugh有丰富的技术开发,销售和为世界上最大的能源和银行联盟链部署创新区块链技术的经验。



Heike是国际船舶公司Clarkson plc. 的非执行顾问,截止2020年4月Heike在Anglo American plc担任11年资深职位,最近作为商务服务总监。她曾作为市场商业推广领导团队中的一员,负责国际市场,销售,交易和分销。她管理战略项目,协调全部物流和市场分析,并管理中国和印度办公室。Heike带领Anglo American国际市场/交易部门实现电子化转型。Heike于2009年初加入Anglo American并担任集团战略总监5年。她成立了董事会战略,并带领De Beers50亿英镑收购和与Anglo American整合。在此之前,Heike是一位管理咨询顾问,为欧洲和澳洲多个行业提供战略和运营方面的咨询服务。

Guy Halford–Thompson是加拿大技术生态系统的一位意见领袖和创业者。在过去5年Guy成功打造了上市和私有公司,融资超过三千万加元,并为投资人创造了超过5亿美金的价值。Guy是BTL Group-世界上第一个区块链上市公司的创始人,并在涉及区块链,地产和电子竞技等领域的加拿大技术公司担任董事。




David Garofalo现任Marshall Precious Metals Fund的总裁&首席执行官,曾任Goldcorp (2016-2019)总裁&首席执行官,2010年开始担任Hudbay总裁&首席执行官,1998年开始Agnico-Eagle担任资深付总裁和财务总监,1990年开始担任 Inmet Mining财务。David获得2012年度北方矿业人士称号。他曾于2009年被加拿大国际金融行政授予加拿大年度财务总监,2009和2010年被Brendan Wood International 授予杰出财务总监,2009和2010年被IR杂志评价为财务总监中最佳投资者关系和2011年执行总裁中最佳投资者关系。David 持有加拿大特许公开会计师资格和加拿大公司董事协会认证董事。他现在在温哥华交响乐团和大温哥华地区交易协会担任董事。



Dale McAllister是一名在矿业,快消和零售行业有数十年经验的技术创业者。在亚洲的超过25年时间内,Dale在此地域积累了丰富的创业公司和企业经验。他曾在多个跨国公司和创业公司担任董事和副总裁等职位。拥有创新,改革和项目管理经验,Dale热衷于用技术为合作伙伴带来商业价值。

Arnoud Star Busmann是在大宗商品、金融和区块链技术交叉领域的先锋之一。在加入MineHub前,他曾经带领荷兰银行大宗商品的创新业务,并领导了孵化出VAKT和Komgo等项目的跨领域尝试“简易交易”。Arnoud是一个有技术NDA,全面发展的领导,拥有20多年战略执行,产业升级和“蓝筹”创业公司的经历。在荷兰获得电子信息技术硕士学位后,他曾在欧洲,亚洲和大洋洲工作和生活。


Andor Lips博士带来超过25年在矿产项目开发,矿物交易和矿产金融领域的经验。他提供战略,商务拓展和治理经验,能够结合金融基于和技术商业需求。Andor为 Eldorado Gold担任欧洲战略与企业可持续性发展副总裁,并曾经在荷兰皇家集团,大宗商品基金,Lydian International Ltd和法国矿业局等机构担任资深职位。他拥有荷兰University of Utrecht地理学硕士和博士学位。在过去几年他作为在矿业创新研究领域的欧盟代表专家。


Michael is a long term resident of Japan, with an established career in Executive Search. His main areas of focus have been Marketing and Advertising with a specialization for consulting with recent startups in the Japan market. As a natural connector Michael brings Japanese specific client management skills to Minehub and will translate these into growth and stability for Minehub Japan. Michael’s academic background is in Accounting and Taxation Law.

Dale McAllister is a technology-driven entrepreneur with decades of experience across mining, FMCG, and Retail. Based in Asia for over 25 years, Dale draws on extensive startup and corporate experience across the Region. He has held Vice President, and Director roles in multinationals as well as initiating start-up businesses. With a background in innovation, change, and program management, and a commitment to customer service, Dale is passionate about using technology to drive great business outcomes for partners.

Li Na is a multilingual entrepreneur focusing on Sino-Europe cross-border funds and emerging market investment initiatives. Prior to joining Minehub, Li was the Chief Representative in Europe of HongTai a leading Chinese investment group. She initiated a Sino-Europe private equity platform, representing the world-famous private equity event IPEM in China and working closely with high-rank governments, national financial institutions, banks, asset management companies, and service providers in China, France, and Luxembourg. She holds a PhD degree in AI from UTT France, speaking Chinese English and French fluently. With a multicultural and technology background, Li has extensive experience advising cross-border technology projects development and has built up a high-ranking wide range network both in China and Europe.

Sacha Konan brings over 25 years of experience in commodity trading. He has led, built, grown, transformed, sold and integrated businesses across energy, metals, shipping and agriculture with Cargill and Macquarie. Starting in various agricultural trading roles in Amsterdam he moved in 2000 to Cargill’s global trading headquarters in Geneva. In the early 2000’s Sacha was building out the Capesize business in the Ocean Transportation Division where he was running at its peak a 70mio mt shipping book. From 2009 to 2014 Sacha went on to lead Cargill’s Global Metals business from Singapore where he was instrumental in transforming Cargill’s iron ore and steel trading business into a global leader. In 2014 Sacha returned to Geneva to lead and integrate Cargill’s Petroleum and Petrochemical businesses, which under his leadership were eventually sold to Macquarie group. He subsequently led and integrated the petroleum business into Macquarie’s commodities platform after which he provided strategy and leadership support to Macquarie’s Metals & Bulk businesses. Since February Sacha embarked on new avenues as investor and advisor to various commodity businesses.

Heike is a Non-Executive Director of global shipping company Clarkson plc. Until April 2020 Heike was an Executive at Anglo American plc for 11 years, most recently as Executive Head of Commercial Services. She was a member of the Executive Leadership Team of the Marketing Business Unit, which runs global marketing, sales, trading and distribution. She oversaw strategy and projects, coordinated all logistics and market analytics, and was responsible for offices in China and India. Heike drove the digital transformation of Anglo American’s global Marketing/Trading business. Heike joined Anglo American at the beginning of 2009 and was Group Head of Strategy for 5 years. She set and implemented Board level strategy, and led the £5bn acquisition of De Beers and its integration into Anglo American. Previously, Heike was a Management Consultant, advising on strategic and operational issues across multiple industries in Europe and Australasia.

Dr. Andor Lips brings over 25 years of experience in mining project development, mineral trade, and mining finance. He provides strategic, business development, and governance advise, whilst integrating financing and technical business requirements and opportunities. Andor worked until recently for Eldorado Gold as VP European Strategy & Corporate Sustainability, and was previously holding senior positions with ING Bank N.V., the Commodity Discovery Fund, Lydian International Ltd, and the French Bureau of Mines. He holds a Doctorate and a Masters of Science in Geology from the University of Utrecht, the Netherlands. Over the past decade he is a solicited expert by the European Commission for research and innovation in the minerals industry.

Joseph Nakhla is the Founder and CEO of bazinga! Technologies Inc. one of the world’s largest condo management solutions provider. Mr. Nakhla is also the founder of Eli Technologies, an AI solution for Real Estate transactions and Tribe Management, one of BC’s largest Property Solutions provider. Prior to bazinga!, Joseph was the Chief Operations Officer of one of Canada’s largest cloud–based payment processors, TIO Networks, which was acquired by Paypal in 2017. Joseph studied Civil and Structural Engineering and Executive Business Management at BCIT.

Guy Halford–Thompson is a thought leader and entrepreneur in the Canadian technology ecosystem. Over the last five years Guy has launched several successful public and private ventures, raising over $30m CAD in funding and building over $500m in investor value. Guy is a founder of BTL Group , the world’s first public blockchain company, and sits on the board of leading Canadian technology companies covering blockchain, real estate and esports markets.

David Garofalo to his current role as Chairman & CEO of the Marshall Precious Metals Fund, David was President & CEO and Director of Goldcorp (2016-2019), President & CEO and Director of Hudbay from 2010, Senior Vice President and CFO and Director of Agnico-Eagle from 1998 and Treasurer of Inmet Mining from 1990. David was recognized as The Northern Miner’s Mining Person of the Year for 2012. He was also awarded as Canada’s CFO of the Year by Financial Executives International Canada (2009) and Top Gun CFO by Brendan Wood International (2009 and 2010) and was recognized by IR Magazine with awards for Best Investor Relations by a CFO (2009 and 2010) and Best Investor Relations by a CEO (2011). David earned designations as a Canadian Chartered Public Accountant and a Certified Director of the Canadian Institute of Corporate Directors. He currently serves on the Boards of Directors of the Vancouver Symphony Orchestra and Greater Vancouver Board of Trade.

Mr. Cooper is a Chartered Accountant with extensive experience in all aspects of corporate and financial management. For the past 35 years, Mr. Cooper has been providing strategic and financial advice and corporate administration services, and has held senior positions with a number of public and private companies with local and international operations. He was formerly CEO and a director of a ship-construction project with a budget in excess of $400 million, and Director of Finance & Administration at a shipyard that had employed over 1,000 workers. He has a Hons. Bachelor of Accounting and is a member of the Chartered Professional Accountants of British Columbia.

Hugh Halford-Thompson is a software entrepreneur and investor with over 8 years experience in the blockchain sector. Hugh is a founder of BTL Group the world’s first public blockchain company and QuickBitcoin, the largest UK bitcoin brokerage. Hugh has launched several technology businesses and has experience selling and deploying innovative blockchain solutions to consortiums of the world’s biggest enterprises in energy and banking.

Mathijs Bulten has over 20 years of experience in digital transformation. Prior to joining Minehub, he was a director within Deloitte responsible for process automation using innovative technologies like artificial intelligence, low-code tooling, and robotics. Mathijs has led large programs in Operations, Finance, Compliance and Customer excellence in financial institutions in Europe, Asia, and the Americas. He comes from an entrepreneurial background, studied logistics, and holds an MBA.

Mr. Sorace is a mining and technology entrepreneur with over 30 years of international business and capital markets experience. Mr. Sorace has financed and led several resource, technology and alternative energy companies with assets and operations in the U.S., Canada, Europe and Asia, and has raised over $300M in equity and debt financings for public and private entities. He has been the founder, served as a Director and held CEO positions for numerous companies with extensive experience in capital markets, operations & management and public company governance.  Mr. Sorace is currently the President & CEO of Kutcho Copper Corp, Chairman of E79 Resources Corp and Founder and Chairman of MineHub Technologies Inc.  Mr. Sorace attended Simon Fraser University in Business Administration and the BC Institute of Technology in Management Systems.

Arnoud Star Busmann is one of the pioneers in the intersection of commodities, finance and blockchain technology. Prior to joining Minehub, he was the Innovation lead for Commodities at ING Bank where he led the cross-industry initiative ‘Easy Trading Connect” that spawned projects like VAKT and komgo. Arnoud is an all-round executive with tech DNA, and has over 20 years experience in strategy execution, enterprise transformation and “blue chip” startups. After obtaining a master’s degree in Computer Science from the Netherlands, he lived and worked across Europe, Asia and Oceania.