Business
MINERAL HILL AND ASCOT AGREE NOT TO PROCEED WITH BUSINESS TRANSACTION
Dec. 22, 2010 (Canada NewsWire Group) -- Trading Symbols: TSX Venture Exchange: MHI Fr...
About this update from Gold Strategy Inc.
[{"type":"text","content":"\n\n\n\n Dec. 22, 2010 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\nTrading Symbols: \nTSX Venture Exchange: MHI\nFrankfurt Stock Exchange: N8Z/WKN: AODLHP\nPink Sheets: MHIFF\n\n\nVANCOUVER, Dec. 22 /CNW/ - Further to previous announcements made\n regarding talks with respect to a possible business transaction between\n Mineral Hill Industries Ltd. (the Company) and Ascot Mining Plc, the\n Company wishes to announce that both companies have agreed not to\n proceed further with that business transaction.\n\n\nMineral Hill's immediate focus is on the development of its Liberty Hill\n Gold Mine project, it announced on October 12th. The Company expects to receive early next year the renewal of the\n permit, which had expired in December 2009. Once the permit is renewed,\n the Company will upgrade the existing mining equipment and proceed, as\n the operator, with the processing of a previously stockpiled bulk\n sample of about 40,000 cubic yards of gravel and the preparation for\n processing of a further 1.4 million cubic yards of previously exposed\n material within the gold-bearing channel. The Company has completed the\n winterization of the mine site, plant, equipment, exposed soil and the\n material to be processed.  \n\n\nAbout Mineral Hill Industries Ltd.\n\n\nMineral Hill Industries Ltd. is a Canadian based mineral exploration\n company trading on the TSX Venture Exchange (MHI), the Frankfurt\n Exchange (N8Z/WKN: AODLHP), and the OTC Pink Sheets (MHIFF). Mineral\n ...