MINERAL HILL INDUSTRIES LTD. ANNOUNCES THE RESULTS OF THE ANNUAL GENERAL MEETING
Vancouver, BC, Canada – December 22, 2020
Mineral Hill Industries Ltd. (“MHI” or “Company”), listed on the TSX Venture Exchange (“TSXV”) under the trading Symbol “MHI”, on the Deutsche Boerse, Frankfurt under the trading Symbol “MLN”, and on OTC Market under the trading Symbol “MHIFF”, wishes to announce that its Annual General Meeting was held on December 18, 2020 (the “AGM”) according to the Notice of Meeting given on November 13, 2020.
The shareholders of the Company passed the resolution to fix the number of directors at five (5) and re-elected Messrs. Grant Hendrickson, Andrew von Kursell, Eric Peter-Kaiser, Milo Filgas and Dieter Peter as directors.
The shareholders re-appointed Davidson & Company LLP as the Company’s auditors and re-approved the Company’s existing stock option plan.
The shareholders ratified the Board’s resolution to extend the due diligence period in reference to the binding Letter of Intent with Southern Colorado Real Estate Ventures Holding LLC dated October 4, 2019 to December 31, 2019 and a further extension to January 31, 2020.
The shareholders ratified the Board of Directors’ resolution passed on January 23, 2020 to approve the Definitive Acquisition Agreement with Southern Colorado Real Estate Ventures Holding LLC.
The shareholders also ratified the Board of Directors’ resolution passed on May 12, 2020 and April 9, 2020 to mutually terminate the Definitive Acquisition Agreement with Southern Colorado Real Estate Ventures Holding LLC and to unwind the associated Private Placement.
During the subsequent board meeting held on December 21, 2020, the Board of Directors confirmed the following officers and committee members:
President and CEO, Dieter Peter
Interim Chief Financial Officer, Andrew von Kursell
Corporate Secretary Eric Peter-Kaiser
Audit Committee Members
Andrew von Kursell, Member and Chairman
Milo Filgas, Member
Grant Hendrickson Member
Corporate Governance & Human Resources Committee
Andrew von Kursell Chairman and Member who has the primary responsibility to ensure that the Company complies with Exchange policies
Milo Filgas Member
Grant Hendrickson Member
The following committees were established with the nominations of the members postponed to the ensuing year:
Environmental & Safety Committee
THE COMPANY SEEKS SAFE HARBOR
For further information, please contact: Dieter Peter, President & CEO, Tel: (604) 617-6794
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.