Business
MineHub to Host Panel Discussion with Industry Leaders at World Copper Conference and Cesco Week in Santiago, Chile
Vancouver, British Columbia--(Newsfile Corp. - April 12, 2023) - MineHub Technologies Inc. ( TSX...

About this update from Minehub Technologies, Inc.
[{"type":"text","content":"MineHub to Host Panel Discussion with Industry Leaders at World Copper Conference and Cesco Week in Santiago, ChileVancouver, British Columbia--(Newsfile Corp. - April 12, 2023) - MineHub Technologies Inc. (TSXV: MHUB) (OTCQB: MHUBF) (\"MineHub\" or the \"Company\") is pleased to be hosting a panel discussion during the World Copper Conference and Cesco Week in Santiago, Chile, between April 17th and April 19th, 2023. In this panel discussion, executives from Codelco, Southwire and Sumitomo Corporation will be engaging in a conversation to share the drivers behind their digitization efforts.CESCO Week and the World Copper Conference provide some of the most important commercial and networking opportunities in the mining industry, attracting in excess of 2000 delegates. Both events are renowned for the calibre of delegates and attract CEO participants from the world's most important miners and smelters.Arnoud Star Busmann, CEO at MineHub Technologies said: \"We are excited to be at the World Copper Conference to discuss and showcase with delegates the opportunities MineHub can bring to digitizing the mining industry. We are also pleased to be able to host a panel on the opening day, with industry leaders Codelco, Southwire and Sumitomo Corporation, who will share their views on the challenges and opportunities in the digital transformation of metals and mining supply chains.\"At a time when ESG and trade regulation, supply chain disruption and labor shortages are becoming the norm, the need for transparency and digitization is becoming increasingly urgent. Modern digital tools can ease the significant operational burden of administering commodity shipments, provide mine-to-market visibility and traceability for buyers and sellers, as well as meaningfully reduce instances of fraud in the supply chain. In addition, the Company announces that it has extended the maturity date of convertible debt in the principal amount of $771,000 that is due on July 31, 2023 (the \"Convertible Debt\"). The due date of the Convertible Debt will be extended to July 31, 2024. Other than the extension of the maturity date, the terms of the Convertible Debt instruments remain the same. $644,500 of the Convertible Debt bears simple interest of 5% and the lenders therein have an option to convert all or a portion of the principal amount into Units (define...