Canada’s Abaxx Technologies is aiming to buy more than C$3 million worth of MineHub Technologies shares to take its stake in the company from 10.83% to 19.99%.
Toronto-headquartered Abaxx will acquire MineHub shares at 35c, a modest premium to trading levels in the past month, by the end of 2024. MineHub has a current market value of about $25 million.
“Abaxx and MineHub are partnering to explore a wide range of commercial and product collaboration opportunities centred on leveraging their collective expertise and capabilities to magnify the value that they can deliver to customers, as well as to shareholders,” MineHub said.
