MineHub Announces Closing of First Tranche of LIFE Offering

Executive Summary

• MineHub Technologies Inc. closed the first tranche of its private placement, issuing 7,063,684 units at $0.95 each for total gross proceeds of $6.71 million.
• Each unit consists of one common share and half of a common‑share purchase warrant (exercisable at $1.35 per share until Dec 10 2027).
• The company plans to complete a second tranche of 526,316 units for an additional $0.50 million by approximately Dec 15 2025 and will use net proceeds for working capital and general corporate purposes.

Key Details

• Units Issued (First Tranche): 7,063,684
• Offering Price: $0.95 per unit
• Gross Proceeds (First Tranche): $6,710,499.80 (includes full exercise of agents’ option)
• Second Tranche Target: 526,316 units for gross proceeds of $500,000.20, expected closing ~Dec 15 2025
• Unit Composition:
• 1 common share per unit
• ½ of a common‑share purchase warrant per unit (full warrant exercisable for one additional share)
• Warrant Terms: Exercise price $1.35 per share; expiry Dec 10 2027
• Agents: ATB Securities Inc. (lead agent & sole bookrunner, “best efforts” basis) and Haywood Securities Inc.
• Exemptions Used: Listed Issuer Financing Exemption (NI 45‑106), U.S. Securities Act exemption, other jurisdictional exemptions; no hold period under Canadian law.
• Use of Proceeds: Working capital and general corporate purposes.
• Compensation Options to Agents: Options exercisable at the offering price ($0.95) with a four‑month + 1‑day hold period expiring Apr 11 2026.
• Related‑Party Participation: Insiders participated; transaction exempt from valuation and minority‑shareholder approval requirements under MI 61‑101.

Notable Quotes

“We are pleased to have successfully closed the first tranche of our private placement, providing us with essential capital to advance our growth initiatives.” – Andrea Aranguren, CEO, MineHub Technologies Inc.