MineHub Announces Closing of Final Tranche of LIFE Offering

Core Viewpoint - MineHub Technologies Inc. has successfully completed the second and final tranche of its private placement, raising a total of $7,210,500 through the issuance of units at a price of $0.95 per unit [1][4]. Group 1: Offering Details - The Offering consisted of 7,063,684 Units issued at a price of $0.95 per Unit, resulting in aggregate proceeds of $6,710,499.80, including the full exercise of the Agents' option [1]. - The second tranche included 526,316 Units, generating gross proceeds of $500,000.20 [1]. - Each Unit comprises one common share and one-half of a common share purchase warrant, with each whole warrant exercisable at $1.35 per share until December 10, 2027 [2]. Group 2: Use of Proceeds - The net proceeds from the Offering will be utilized for working capital and general corporate purposes [4]. Group 3: Agent Compensation - In connection with the Offering, the Company issued 489,619 compensation options to the Agents, exercisable at the Offering Price until December 10, 2027, subject to a hold period expiring on April 11, 2026 [5]. - The Agents received cash commissions totaling $425,713 and additional fees of $39,500 [5]. Group 4: Regulatory Compliance - The Offering was conducted under the "listed issuer financing" exemption and is not subject to a hold period under applicable Canadian securities laws [3].