Minehub Technologies Inc. announced a non-brokered private placement of 8,000,000 units at a price of CAD 0.25 per unit for the gross proceeds of CAD 2,000,000 on March 21, 2023. Each Unit is comprised of one common share one-half of one transferable common share purchase warrant. Each Warrant entitles the holder to acquire one common share of the Company for a period of 2 years from closing at a price of CAD 0.40.

The completion of the Private Placement is subject to approval of the TSX Venture Exchange. All shares issued under the Private Placement will bear a hold period of four months and one day from the date of issuance. The Company will pay finder’s fees in connection with transaction as permitted by applicable securities laws and the rules of the TSXV.