On January 31, 2024, Minehub Technologies Inc. closed the transaction. The company now issued 36,716,366 units at a price of CAD 0.11 per unit for the gross proceeds of CAD 4,038,800.26. Each Unit will consist of one common share and one transferable common share purchase warrant exercisable at a price of CAD 0.20 per common share for a period of 36 months from the closing date. In connection with the closing, the Company agreed to pay cash finder?s fees of CAD 137,536 and issue 1,007,329 finder warrants, each finder warrant exercisable to purchase one common share for 12 months at a price of CAD 0.20 per common share. All securities issued under the private placement are subject to a hold period of four months and one day from closing. The Private Placement is subject to final TSX Venture Exchange approval. Certain directors and officers of the Company have participated in Private Placement.

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement. The transaction included participation from 86 placees, 5 existing insiders for 1,622,727 units and 8 pro groups for 5,210,000 units. The company announced that it has raised $486,399 from 8 investors pursuant to regulation D.