MINERAL HILL UPDATES NON-BROKERED PRIVATE PLACEMENT
Richmond, BC, Canada – May 11, 2016
Mineral Hill Industries Ltd. (“Mineral Hill” or “Company”) wishes to announce that, in view of the high interest in the Company’s “Fundamental Acquisition” on its first trading day after a prolonged requested “Trade-Halt” period, the Company is going to base the price of its proposed Private Placement (“PP1605”), announced in the Company’s April 21, 2016 news release, not on the closing price of its stock on the first day following the resumption of trading but instead will use the average of the closing prices from the first five (5) trading days following the resumption of trading as price for the security units with three (3) year share purchase warrants (“Warrants”) attached. The Company’ Board of Directors and its new project partners feel that that arrangement would be fair for both the PP1606 participants and existing long-term shareholders.
The Company seeks Safe Harbor
For further information, please contact:
President & CEO Phone: (604) 278-1135