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Mineral Hill Announces Final Approval for the Acquisition of the DOT-Apex and Master-ACE Claim Groups by the TSX Venture Exchange
Mineral Hill Announces Final Approval for the Acquisition of the DOT-Apex and Master-ACE ...
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[{"type":"text","content":"\n \n \n \n Mineral Hill Announces Final Approval for the Acquisition of the DOT-Apex and Master-ACE Claim Groups by the TSX Venture Exchange\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntar{\nTEXT-ALIGN: RIGHT\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n Trading Symbols:\n \n TSX Venture Exchange: MHI\n \n \n Frankfurt\n \n : MLN/WKN: A1JKJN\n \n OTC Market (US) Pink Sheets: MHIFF\n \n \n \n VANCOUVER, BC\n \n ,\n \n Nov. 26, 2021\n \n /CNW/ -\n \n Mineral Hill Industries Ltd.\n \n (\"\n \n Mineral Hill\n \n \" or \"\n \n Company\n \n \") listed on the TSX Venture exchange (\"\n \n TSXV\n \n \") under the trading symbol \"MHI\" and on the Deutsche Boerse,\n \n Frankfurt\n \n under the trading symbol \"MLN\" wishes to announce that the TSX Venture Exchange has accepted for filing the Earn-In-Option Agreement dated\n \n December 22, 2020\n \n between the Company and Cardinal Geoconsulting Ltd. (\"Cardinal-Ltd.\"), whereby the Company may acquire up to 100% interest in the mineral claims DOT-Apex claim group (\"Apex-Claims\") and Master-ACE claim group (\"ACE-Claims\") located in south-western\n \n British Columbia\n \n by making cash payments of\n \n $50,000\n \n (\n \n $10,000\n \n for the first year), the issuance of 500,000 shares (100,000 in the first year) and incurring\n \n $347,028\n \n exploration expenditures (\n \n $84,728\n \n in the first year) over three years, subject to 2% NSR on the commencement of commercial production.\n \n \n The Company has completed its first stage commitments to Cardinal-Ltd. for the acquisition of the Apex-Claims. Due to the general laboratory workload Mineral Hill is still waiting to receive the rock assays and soil chemical results from its submitted samples.\n \n \n The geological surveys and the rock sampling program including exploration camp related logistics and helicopter mobilization were under the direction and supervision of\n \n Dan Cardinal\n \n , P. Geo..\n \n \n Mr. Cardinal confirmed that handling of all collected samples including its shipment to the analytical laboratory was conducted under the strict guide...