- MineHub Technologies (MHUB) has announced a non-brokered private placement to raise total proceeds of up to C$3,000,000
- The company will issue 3,000,000 units at a price of $1.00 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$1.12
MineHub Technologies (MHUB) has announced a non-brokered private placement to raise total proceeds of up to C$3,000,000.
The company will issue 3,000,000 units at a price of $1.00 per unit. Each unit consists of one common share and one-half of one transferable share purchase warrant. Each warrant entitles the holder to acquire one common share at a price of $1.50 for a period of 2 years from closing.
Arnoud Star Busmann, CEO at MineHub commented on the financing.
“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 will be used for general working capital purposes.
All shares issued are subject to a 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$1.12.