MineHub settles $440,372 of debts with shares

Executive Summary

• MineHub Technologies Inc. has closed the settlement of outstanding loan debts totaling $440,372 owed to arm's-length parties.
• The settlement was executed through the issuance of 1,100,928 common shares and 550,463 warrants.
• The transaction was reviewed and approved by the TSX Venture Exchange.

Key Details

• Debt Amount Settled: $440,372 owed to arm's-length parties.
• Consideration: Issuance of debt settlement units valued at $0.40 per unit.
• Units Issued: 1,100,928 units.
• Share Component: Each unit represents one common share. Total common shares issued: 1,100,928.
• Warrant Component: Each unit represents one-half of one share purchase warrant. Total warrants issued: 550,463.
• Warrant Exercise Price: $0.50 per common share.
• Warrant Expiration: January 31, 2027.
• Hold Period: 4 months and 1 day from the date of issuance under applicable Canadian securities laws.
• Regulatory Approval: Reviewed and approved by the TSX Venture Exchange.

Notable Quotes

• None provided in the text.