Noted commodities hedge fund manager Andurand Capital has become a shareholder in MineHub Technologies after the Canadian microcap issued 12.6 million new C20c shares to raise more than $2.5 million.
Toronto venture exchange-listed MineHub has about 78 million shares on issue. At its 20c Friday closing price the company was capitalised at about $13 million.
CEO Arnoud Star Busmann welcomed the arrival of the Andurand Climate and Energy Transition Fund on MineHub’s register.
“We look forward to a shared vision of potential success and opportunity with the MineHub platform,” he said.
MineHub describes itself as an open, enterprise-grade platform for digital trade, “bringing efficiency, transparency and responsibility to supply chains”.
“MineHub connects the many parties involved in a physical commodity transaction in a digitally integrated workflow, operating on the basis of shared authentic and validated information secured by a global enterprise blockchain network. Users of MineHub are in full control of their supply chains, enabling them to optimize their use of resources, respond better and faster to customer needs and have confidence in the resilience, security and compliance of their operations.”