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MineHub (TSXV:MHUB) closes $2.52M private placement

Market News, Technology
TSXV:MHUB
25 November 2022 09:00 (EDT)

Source: MineHub.

MineHub Technologies (MHUB) has closed its previously-announced non-brokered private placement for gross proceeds of $2,520,000.

The company issued 12,600,000 shares at a price of $0.20 per share.

“Upon closing of this financing, we are pleased to welcome a new shareholder to MineHub, the Andurand Climate and Energy Transition Fund,” stated Arnoud Star Busmann, President and CEO at MineHub.

“We look forward to a shared vision of potential success and opportunity with the MineHub platform,” he added.

All securities issued under the private placement are subject to a hold period of four months and one day from closing.

The company paid eligible finders cash fees totalling $59,500 and issued 297,500 non-transferable finder warrants.

MineHub Technologies Inc. is an open, enterprise-grade platform for digital trade, bringing efficiency, transparency and responsibility to supply chains.

Minehub Technologies Inc. opened trading at $0.20 per share.


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