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TORONTO, Nov. 18, 2024 (GLOBE NEWSWIRE) — Apax Technologies Inc (Cboe CA:ABXX)(OTCQX:ABXXF) (“Apax“or”a company“”) announces today the expiration of 8,333,333 common stock purchase warrants for MineHub Technologies Inc. (“mine”) held by Abaxx resulting in Abaxx changing partially diluted beneficial ownership of MineHub by more than 2% and filing an early warning report.
Prior to the expiration of the warrants on November 15, 2024, Abaxx owned and controlled 8,333,333 common shares, 8,333,333 common shares and 8,333,333 warrants of MineHub representing approximately 10.83% of the outstanding common shares on a undiluted basis and approximately 19.65% on a partially diluted basis, at Assuming all commands are exercised. The exercise price of the warrants was $0.35 and they expired out of the money.
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As a result of the expiration of the warrants, Abaxx now owns and beneficially controls 8,333,333 MineHub common shares and no warrants representing approximately 10.83% of the outstanding common shares on a undiluted basis and a partially diluted basis. Abaxx holds common stock in MineHub for investment purposes.
This press release is issued in accordance with National Instrument 62-103 – Early warning system and related acquisition issues and internal reportswhich also requires the filing of an early warning report with applicable securities regulators containing additional information regarding the above matters. A copy of the Early Warning Report in connection with the foregoing will appear on MineHub’s SEDAR+ profile at www.sedarplus.ca It can also be obtained upon request to 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 Fry, CFO
Tel: +1 647 490 1590
Media and investor inquiries:
Apax Technologies Inc
Investor Relations Team
Tel: +1 647 490 1590
Email: ir@abaxx.tech
Cboe Canada does not accept responsibility for the adequacy or accuracy of this news release.
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