MineHub Technologies Inc announced the completion of the second tranche closing of its strategic partnership with Abaxx Technologies Inc, as per news releases from August 1, 2024, and August 23, 2024. Under this agreement, MineHub received 109,583 Abaxx Shares in exchange for 4,166,666 MineHub Shares, at a deemed price of C$0.30 per MineHub Share. The Abaxx Shares received by MineHub do not have a hold period under securities laws, while the MineHub Shares issued to Abaxx bear a hold period of four months and a day.
Haywood Securities Inc acted as the financial advisor to MineHub, and in connection with the transaction, MineHub issued 481,975 common shares to the Advisor at a deemed price of C$0.30 per common share. These Advisor Shares bear a hold period expiring four months and a day from the Second Tranche Closing date.
MineHub is a digital supply chain platform for commodity markets, enhancing the efficiency, resilience, and sustainability of raw material supply chains. Their solutions connect buyers, sellers, laboratories, and financiers in a digitally integrated workflow powered by verified and secure data. With full control over their supply chains, users can optimize resources, respond to disruptions, and provide better customer service. Global enterprises rely on MineHub solutions for logistics, compliance, trade management, and financing operations.
For more information about MineHub, please contact info@minehub.com or visit www.minehub.com.
Contact:
Andrea Aranguren
President, CEO & Director, MineHub Technologies Inc.
Tel: (604) 628-5623
Cautionary Note Regarding Forward-Looking Statements:
Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.
SOURCE: MineHub Technologies Inc.
