MineHub Announces Closing of First Tranche of LIFE Offering

About this update from Minehub Technologies, Inc.

[{"type":"text","content":"MineHub Announces Closing of First Tranche of LIFE OfferingVancouver, British Columbia--(Newsfile Corp. - December 10, 2025) - MineHub Technologies Inc. (TSXV: MHUB) (OTCQB: MHUBF) (\"MineHub\" or the \"Company\") is pleased to announce that it has closed the first tranche of its previously announced private placement of units (the \"Units\") of the Company (the \"Offering\"). The Offering was completed by ATB Securities Inc. acting as the lead agent and sole bookrunner, on a \"best efforts\" agency basis, together with Haywood Securities Inc. (together, the \"Agents\"). Pursuant to the Offering, the Company issued 7,063,684 Units at a price of $0.95 per Unit (the \"Offering Price\") for aggregate proceeds of $6,710,499.80, which includes the full exercise of the Agents' option. The Company expects to complete the second tranche of the Offering, comprised of 526,316 Units for aggregate gross proceeds of $500,000.20, on or about December 15, 2025.Each Unit consists of one common share in the capital of the Company (each, a \"Common Share\") and one-half (½) of one Common Share purchase warrant (each whole warrant, a \"Warrant\") of the Company. Each Warrant is exercisable to acquire one Common Share (each, a \"Warrant Share\") at an exercise price of $1.35 per Warrant Share until December 10, 2027. The Offering was completed on a private placement basis (i) in reliance on the \"listed issuer financing\" exemption from the prospectus requirements available under Part 5A.2 of National Instrument 45-106 - Prospectus Exemptions, as modified by Coordinated Blanket Order 45-935 - Exemptions from Certain Conditions of the Listed Issuer Financing Exemption in each of the Provinces and Territories of Canada (the \"LIFE Exemption\"), (ii) in the United States pursuant to an exemption from the registration requirements of the United States Securities Act of 1933, as amended (the \"U.S. Securities Act\"), and (iii) in such other jurisdictions other than Canada and the United States pursuant to relevant prospectus or registration exemptions in accordance with applicable laws. In accordance with the LIFE Exemption, the securities issued pursuant to the Offering are not subject to a hold period pursuant to applicable Canadian securities laws.The Company intends to use the net proceeds from the Offering for working capital and general ...

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