BULLETIN V2024-2785
HIVE DIGITAL TECHNOLOGIES LTD. (''HIVE'')
BULLETIN TYPE: Prospectus-Share Offering
BULLETIN DATE: September 19, 2024
TSX Venture Tier 2 Company
The Company's Short Form Base Shelf Prospectus dated May 1, 2023, was filed with and accepted by TSX Venture Exchange (the "Exchange"), and filed with and receipted by the British Columbia Securities Commission, pursuant to the provisions of the Securities Act (British Columbia), and the Ontario Securities Commission, pursuant to the provisions of the Securities Act (Ontario) on May 1, 2023. The Prospectus was also filed under Multilateral Instrument 11-102 Passport System in Alberta, Saskatchewan, Manitoba, Quebec, New Brunswick, Nova Scotia, Prince Edward Island, Newfoundland and Labrador, Yukon, Nunavut and Northwest Territories. A receipt for the Prospectus is deemed to be issued by the regulators in each of those jurisdictions if the conditions of the Instrument have been satisfied.
Further to an at-the-market offering of shares ("ATM Distribution") made pursuant to a Prospectus Supplement dated May 10, 2023, to the Company's Short Form Base Shelf Prospectus dated May 1, 2023, the Exchange has accepted for filing documentation with respect to the sales set out below under the ATM Distribution. The Company raised aggregate gross proceeds of $9,282,909 pursuant to the ATM Distribution from July 1, 2023 to September 30, 2023 as set out below.
The Exchange has been advised by the Company that sales under the ATM Distribution during the quarter ended September 30, 2023 occurred for gross proceeds of $9,282,909.
Agents: Stifel Nicolaus Canada Inc. and Canaccord Genuity Corp.
Offering: 1,452,837 shares in aggregate during the quarter ended September 30, 2023
Share Price: Varying prices during the quarter ended, with an average sale price of $6.39 per share
Agents' Warrants: None
Over-allotment Option: None
Agent's Commission: 3% of the gross proceeds of the Offering, being a cash payment of US$209,345 in aggregate for the quarter ended September 30, 2023
For further information, please refer to the Company's Short Form Base Shelf Prospectus dated May 1, 2023, the Prospectus Supplement dated May 10, 2023, Amended and Restated Prospectus Supplement dated August 17, 2023, and the news releases dated May 12, 2023, August 17, 2023 and November 13, 2023 which are available under the Company's SEDAR profile.
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