- MineHub Technologies (MHUB) has announced a non-brokered private placement to raise total proceeds of up to C$2,000,000
- The company will issue 10,000,000 units at a price of $0.20 per unit
- Proceeds will be used for general working capital purposes
- Minehub Technologies is a technology company focused on improving efficiency in the mining and metals supply chain
- Shares in MineHub Technologies Inc. (MHUB) opened trading at C$0.22
MineHub Technologies (MHUB) has announced a non-brokered private placement to raise total proceeds of up to C$2,000,000.
The company will issue 10,000,000 units at a price of $0.20 per unit. Each unit is comprised of one common share and one-half of one transferable common share purchase warrant. Each whole warrant entitles the holder to acquire one common additional common share for a period of 2 years at a price of $0.30.
The warrants are subject to an acceleration clause.
Arnoud Star Busmann, CEO at MineHub, remarked on the fundraising.
“This financing will be conducted with many of the company’s key shareholders who understand both the immediate and long-term upside potential of the company. We continue to gain traction from existing and new large corporate customers as we move through the company’s potential growth path with expectations of significant adoption and rollout of the MineHub platform in multiple large corporate networks.”
Proceeds will be used for general working capital purposes.
All shares issued will be subject to a statutory four-month hold period.
Minehub Technologies is a technology company focused on improving efficiency in the mining and metals supply chain.
Shares in MineHub Technologies Inc. (MHUB) opened trading at C$0.22.