Business
Acquisition of worldwide leader of Green Energy Technologies and Brokered Private Placement
Trading Symbols: TSX Venture Exchange: MHI Frankfurt Stock Exchange: N8Z/WKN: AODLHP Pink Sh...
About this update from Gold Strategy Inc.
[{"type":"text","content":"\n\nTrading Symbols:TSX Venture Exchange: MHIFrankfurt Stock Exchange: N8Z/WKN: AODLHPPink Sheets: MHIFF\n\nThe securities being offered have not been, nor will be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States or to U.S. persons without registration or applicable exemption from the registration requirement of such Act. This release does not constitute an offer for sale of such securities in the United States of America.\n\n\n\nRICHMOND, BC, Nov. 17, 2014 /CNW/ - Mineral Hill Industries Ltd. (the \"Company\" or \"Mineral Hill\") is pleased to announce the extension of its business activities by joining a worldwide leader in the development of green energy through the acquisition of Avis Energy Global Holdings Inc. (\"Avis Energy\") with registered offices in 15 Lake St., Grimsby, ON, L3M 2G4, Canada and Josefgasse 1, 6805 Gisingen, Austria.  \n\nAvis Energy is an international waste management and conversion company with global strategic presence in several countries including several processing plants under negotiation and development. Since its initiation in the UK in 2007, Avis Energy has become a leader in the management and recycling of municipal waste using its proprietary Cold Catalytic Biomass Liquefaction technology (\"BML\") to offer sustainable management of urban waste disposal across the world. Through the use of its BML technology, Avis Energy is able to convert municipal waste into diesel fuel, electricity and water. Avis Energy is committed to confronting the challenges presented by population growth and the corresponding increased demand for energy resources by eliminating toxic landfill sites and transforming them into clean sources of energy. \n\nOn its chosen Canadian site nearby Hamilton, ON, Canada Avis Energy will erect within twelve months subsequently to the execution of this announced acquisition its first of three proposed BML plants with a 6,000 litre per hour Diesel output. The plant will be erected together with a 10ha green house which will be supplied with part of the bio-energy derived from the conversion of waste presently polluting the environment. \n\nThe plant is designed as a modular system and will be extended to a production capacity of 25,000 litres Diesel per hour, with a total target capacity of up to 75,0...