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Mineral Hill Announces First Tranche Completion of Private Placements
Mineral Hill Announces First Tranche Completion of Private Placements Canada Ne...
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[{"type":"text","content":"\n \n \n \n Mineral Hill Announces First Tranche Completion of Private Placements\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 \n Toronto\n \n : TSX-V: MHI\n \n \n Frankfurt\n \n : MLN / WKN: A1JKJN\n \n OTC Market (US): MHIFF\n \n \n \n VANCOUVER, BC\n \n ,\n \n Aug. 16, 2021\n \n /CNW/ - Mineral Hill Industries Ltd. (\"\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 the it has completed the initial tranche of CAD 101,000 of its private placement offering of Flow-Through shares (\"FTS\") at\n \n CAD 0.30\n \n per share for its exploration development under the Earn-In Agreement referred to as \"PP1b\" in the News Release of\n \n April 27, 2021\n \n . These FTS qualify as \"flow-through mining expenditures\" under the Income Tax Act (\n \n Canada\n \n ).\n \n \n The Company has also completed the initial tranche of\n \n CAD 100,083\n \n for the private placement offering of security units referred to as \"PP1a\" in the News Release of\n \n April 27, 2021\n \n to be used as general working capital. The PP1a security units are priced at\n \n CAD 0.225\n \n per unit and consist of one common share and one transferable share purchase warrant (the \"Warrant\") with an overall exercise period of two (2) years subsequent to the to be announced Closing Date of PP1a. Each Warrant will entitle its holder to purchase one common share of the Company at a price of\n \n CAD 0.30\n \n per share if exercised within the first year of the Closing Date and at a price of\n \n CAD 0.34\n \n per share if exercised within the second year following the Closing Date. The Warrants will not be listed for trading on the TSXV and the common shares being issued will have a trading restriction of four months subsequent to the issuance date.\n \n \n The Company's average closing price on the TSXV since the resumption of tradi...