Vancouver, British Columbia--(Newsfile Corp. - July 25, 2025) - MineHub Technologies Inc. (TSXV: MHUB) (OTCQB: MHUBF) ("MineHub" or the "Company") announces that it has closed its non-brokered private placement previously announced on July 2, 2025 (the "Offering"). The Offering raised aggregate gross proceeds of CAD $500,000 through the sale of 1,250,000 units ("Units") at a price of $0.40 per Unit. Each Unit consists of one common share in the capital of the Company (each, a "Common Share") and one-half of one transferable common share purchase warrant (each whole warrant, a "Warrant"), with each Warrant exercisable at a price of $0.50 per common share, and expiring on January 31, 2027. All securities issued under the Offering will have a hold period of four months and a day from the date of issuance.
In addition, the Company has closed its previously announced warrant exercise incentive program (the "Incentive Program"), related to share purchase warrants of the Company that were outstanding from a 2024 private placement that are exercisable at $0.40 per common share until January 31, 2027 (the "Eligible Warrants"). Exercise of the Eligible Warrants during the Incentive Program earned the holders one incentive warrant exercisable at $0.50 to acquire one common share for three years from the date of issuance (each an "Incentive Warrant") for each Eligible Warrant exercised. During the Incentive Program, 2,570,954 Eligible Warrants were exercised into common shares for proceeds of CAD $1,028,382, resulting in the issuance of 2,570,954 Incentive Warrants.
The Incentive Warrants and any common shares issued upon the exercise of the Incentive Warrants are subject to a four month and one day hold period from the date of issuance of the Incentive Warrants. Any outstanding Eligible Warrants that were not exercised as part of the Incentive Program will remain outstanding and continue to be exercisable until January 31, 2027 pursuant to their terms.
The Incentive Program and the Offering are subject to receipt of final TSX Venture Exchange ("TSXV") approval. Under the Offering and Incentive Program, the Company agreed to pay aggregate finder's fees of $22,500. The Company intends to use the net proceeds raised from the Offering and from the Incentive Program for general administrative and working capital purposes.
Certain insiders of the Company participated in the Incentive Program and received Incentive Warrants, which participation constituted a related-party transaction, as defined under Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions. The issuance of Incentive Warrants to insiders is exempt from the formal valuation requirements of Section 5.4 of MI 61-101, pursuant to Subsection 5.5(a) of MI 61-101, and exempt from the minority shareholder approval requirements of Section 5.6 of MI 61-101, pursuant to Subsection 5.7(1)(a) of MI 61-101.
The Company also announces its intention to settle outstanding loan debts totalling CAD $440,372 owed to certain arm's length parties of the Company (the "Debt Settlement") through the issuance of units of the Company to such parties (each, a "Debt Settlement Unit") at a value of $0.40 per Debt Settlement Unit. Each Debt Settlement Unit will consist of one Common Share and one-half of one share purchase warrant (each whole warrant, a "Debt Settlement Warrant"), with each Debt Settlement Warrant exercisable at a price of $0.50 per common share, and expiring on January 31, 2027. The Common Shares and Debt Settlement Warrants issued under the Debt Settlement are subject to a hold period of four months and a day from the date of issuance. The Debt Settlement is subject to TSXV approval, following which the Company will close the Debt Settlement.
The securities offered pursuant to the Offering, the Incentive Program, and the Debt Settlement have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the "U.S. Securities Act") or any U.S. state securities laws, and were not offered or sold in the United States or to, or for the account or benefit of, United States persons absent registration or any applicable exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. This release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
Finally, the Company announces the grant, effective July 25, 2025, of 618,000 incentive stock options to certain insiders of the Company, with each option exercisable at a price of CAD $0.40 per share for a period of five years from the date of the grant. The stock options will be subject to vesting requirements, as determined by the board of directors. The options have been granted in accordance with the terms of the Company's stock option plan.
About MineHub
MineHub is the digital supply chain platform for the commodity markets, making raw material supply chains more efficient, resilient and sustainable. MineHub provides enterprise-grade digital solutions that connect buyers, sellers, laboratories and financiers within physical commodities supply chains in a digitally integrated workflow powered by data that is useable, shareable, verifiable and unforgeable. Users of MineHub solutions are in full control of their supply chains, enabling them to optimize their use of resources, respond better and faster to disruptions, and provide a better customer service. Global enterprises already use MineHub solutions as part of their logistics, compliance, trade management and financing operations.
Andrea Aranguren
CEO, MineHub Technologies Inc.
For further information regarding MineHub, please email info@minehub.com or visit our website at www.minehub.com. Tel: (778) 373-3747.
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 use of proceeds from the Offering and the Incentive Program and the timing of completing the Debt Settlement. 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 management discussion and analysis, available on the Company's SEDAR+ profile at www.sedarplus.ca. 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. Although the Company has attempted to identify risk factors that could cause actual actions, events or results to differ materially from those disclosed in the forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. Also, many of the factors are beyond the control of the Company. Accordingly, readers should not place undue reliance on forward-looking statements or information. The forward-looking information is made as of the date included herein, and the Company assumes no obligation to publicly update or revise such forward-looking information. 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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SOURCE: MineHub Technologies Inc.
