04:47 PM EST, 11/24/2025 (MT Newswires) -- Minehub Technologies ( MHUBF ) after trade Monday said it plans to raise nearly $5 million through a best-efforts private placement of 5.26-million units at $0.95 each.

The offering's agents will also have the option to buy up to 15% more units. Each unit includes one share and half of a two-year warrant to buy a share for $1.35.

The private placement is set to close around Dec. 9, pending regulatory approvals, and MineHub ( MHUBF ) plans to use the proceeds for working capital and general corporate purposes.

The company's shares closed down $$0.02 to $1.10 on the TSX Venture Exchange.