MineHub Announces Financing and Warrant Incentive Program
Vancouver, British Columbia--(Newsfile Corp. - July 2, 2025) - MineHub Technologies Inc. (TSXV: MHUB) (OTCQB: MHUBF) ("MineHub" or the "Company") announces that it has arranged a non-brokered private placement (the "Private Placement" or "Offering") with a single institutional investor to raise total proceeds of up to CAD $500,000. The Private Placement will consist of up to 1,250,000 units ("Units") at a price of $0.40 per Unit. Each Unit will consist 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") exercisable at a price of $0.50 per common share, and expiring on January 31, 2027.
In addition, the Company is pleased to announce a warrant exercise incentive program (the "Incentive Program") as it relates to 17,800,908 outstanding share purchase warrants of the Company (the "Eligible Warrants"). The Eligible Warrants were issued in connection with a private placement by the Company which closed on January 31, 2024. Each Eligible Warrant is exercisable to acquire one common share of the Company (each, a "Warrant Share") at a price of $0.40 per Warrant Share for a period of three years, expiring January 31, 2027. The Eligible Warrants were initially issued before the Company consolidated its share capital on a 2:1 basis on March 1, 2024, which resulted in the number of outstanding Eligible Warrants consolidating in half, and their exercise price doubling to the present price of $0.40 per Warrant Share.
The Incentive Program is designed to encourage the exercise of the Eligible Warrants during a 16-day exercise period commencing July 3, 2025 and terminating on July 18, 2025 (the "Incentive Period"). For each Eligible Warrant exercised by a holder during the Incentive Period, the Company will issue one share purchase warrant (each, an "Incentive Warrant") to the holder of the exercised Eligible Warrant in addition to the Warrant Share to which the holder was otherwise entitled under the terms of the Eligible Warrant. Each Incentive Warrant will be exercisable to acquire one common share of the Company at a price of $0.50 per share for a period of three years from the date of issuance. All Incentive Warrants will be issued at the end of the Incentive Period.