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TORONTO, Nov. 18, 2024 (GLOBE NEWSWIRE) — Company Abaxx Technologies Inc. (Cboe CA:ABXX)(OTCQX:ABXXF) (“They are low” or “Company”) today announces the expiration of warrants to purchase 8,333,333 common shares of MineHub Technologies Inc. (“MineHub”) held by Abaxx which resulted in a change in Abaxx’s partially diluted ownership of MineHub of more than 2% and the filing of an early warning report.
Prior to the expiration of the Warrants on November 15, 2024, Abaxx beneficially owned and controlled 8,333,333 common shares and 8,333,333 Warrants of MineHub representing approximately 10.83% of the outstanding common shares on an undiluted basis and approximately -5% reduced by 19 percent. , in consideration of the exercise of all Warrants. The Warrants have an exercise price of $0.35 and expire without cash.
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As a result of the expiration of the Warrants, Abaxx now owns and beneficially controls 8,333,333 common shares of MineHub and the incoming Warrants represent approximately 10.83% of the outstanding common shares on an undiluted and partially diluted basis. MineHub common shares are held by Abaxx for investment purposes.
This news release is issued pursuant to National Instrument 62-103 – Early Warning System and Takeover Bid Related to Internal Reporting Issueswhich also requires that an early warning report be filed with applicable security regulators containing additional information regarding the above issues. A copy of the early warning report regarding the above will appear on MineHub’s SEDAR+ profile at www.sedarplus.ca and may be obtained upon request at Abaxx’s head office address at 110 Yonge St., Suite 1601, Toronto, Ontario M5C 1T4 .
For more information about this press release, please contact:
Steve Fray, CFO
Phone: +1 647 490 1590
Questions for media and investors:
Company Abaxx Technologies Inc.
Investor Relations Team
Phone: +1 647 490 1590
Email: ir@abaxx.tech
Cboe Canada accepts no responsibility for the adequacy or accuracy of this press release.
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