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MineHub Announces Financing
- MHUB.V
- 2RS0.F
Vancouver, British Columbia–(Newsfile Corp. – October 26, 2026) – 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”) to raise total proceeds of up to CAD $1,500,000. The Private Placement will consist of up to 3,750,000 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 $0.55 per common share, and expiring two years from the closing date.
Closing of the Offering is subject to the Company’s receipt of TSX Venture Exchange (“TSXV”) approval. All securities issued under the Offering will be subject to a hold period of four months and a day from the date of issuance. The Company may pay finder’s fees to eligible finders in connection with the Offering.
The Company intends to use the net proceeds of the Offering for working capital and continuous evaluation of strategic, corporate and financial opportunities.
Certain insiders of the Company may participate in the Private Placement which participation will constitute a related-party transaction, as defined under Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions. The issuance of any Units 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.
Additionally, the Company announces that it is extending certain previously outstanding warrants (the “Prior Warrants”). The Company’s Prior Warrants with an exercise price of $0.40 per common share (as to 14,584,954 Prior Warrants issued January 31, 2024) and $0.50 per common share (as to 625,000 Prior Warrants issued July 25, 2025 and 550,463 Prior Warrants issued August 20, 2025), all of which expired January 31, 2027, will be extended to a new expiry date of December 31, 2027. The new expiry dates are subject to the Company’s filing requirements with TSXV and receipt of TSXV approval. Insiders of the Company hold 336,363 Prior Warrants exercisable at $0.40 that are part of the proposed extension.
The securities to be offered pursuant to the Offering 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 may not be 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.
