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MineHub Closes Financing and Warrant Incentive Program
Newsfile· 2025-07-25 22:00
Group 1: Offering and Proceeds - MineHub Technologies Inc. closed a non-brokered private placement, raising gross proceeds of CAD $500,000 by selling 1,250,000 units at a price of $0.40 per unit [1] - Each unit consists of one common share and one-half of a transferable common share purchase warrant, with warrants exercisable at $0.50 per share, expiring on January 31, 2027 [1] - The net proceeds from the Offering and the Incentive Program will be used for general administrative and working capital purposes [4] Group 2: Incentive Program - The Company closed its warrant exercise incentive program, allowing holders of Eligible Warrants to earn one incentive warrant for each Eligible Warrant exercised [2] - A total of 2,570,954 Eligible Warrants were exercised, generating proceeds of CAD $1,028,382 and resulting in the issuance of the same number of Incentive Warrants [2] - The Incentive Warrants are subject to a four-month and one-day hold period from the date of issuance [3] Group 3: Debt Settlement - The Company intends to settle outstanding loan debts totaling CAD $440,372 through the issuance of units at a value of $0.40 per unit [6] - Each Debt Settlement Unit will consist of one common share and one-half of a share purchase warrant, with warrants exercisable at $0.50 per share, expiring on January 31, 2027 [6] - The Debt Settlement is subject to TSXV approval before closing [6] Group 4: Insider Participation - Certain insiders participated in the Incentive Program, receiving Incentive Warrants, which is classified as a related-party transaction [5] - The issuance of Incentive Warrants to insiders is exempt from formal valuation and minority shareholder approval requirements [5] Group 5: Stock Options - The Company granted 618,000 incentive stock options to certain insiders, each exercisable at CAD $0.40 per share for five years [8] - The stock options are subject to vesting requirements as determined by the board of directors [8] Group 6: Company Overview - MineHub is a digital supply chain platform for commodity markets, enhancing the efficiency, resilience, and sustainability of raw material supply chains [9] - The platform connects buyers, sellers, laboratories, and financiers, enabling optimized resource use and improved customer service [9]
MineHub Announces Warrant Incentive Program Extension
Newsfile· 2025-07-16 22:00
Group 1 - MineHub Technologies Inc. has extended its warrant exercise incentive program until July 25, 2025, concerning 17,800,908 outstanding share purchase warrants, each exercisable at $0.40 into a common share [1] - The company operates a digital supply chain platform for commodity markets, enhancing the efficiency, resilience, and sustainability of raw material supply chains [2] - MineHub provides enterprise-grade digital solutions that connect various stakeholders in physical commodities supply chains, enabling better resource optimization and customer service [2]