Vancouver, B.C., April 1, 2022. MineHub Technologies Inc. (TSXV: MHUB, OTCQB: MHUBF) (“MineHub” or the “Company”) is pleased to announce it has closed its previously announced non-brokered private placement (the “Private Placement”) for gross proceeds of $3,150,000. The Company issued 3,500,000 units at a price of $0.90 per unit. Each unit is comprised of one common share and one-half of one share purchase warrant. Each warrant is exercisable into a common share for 2 years at a price of $1.50 per common share. The Private Placement is subject to final TSX Venture Exchange approval.
All securities issued under the private placement are subject to a hold period of four months and one day from closing. The Company paid to eligible finders, cash fees of $146,250 and issued 162,500 non-transferable finder warrants having the same exercise terms as the purchaser warrants.
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.
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.