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Mineral Hill Announces Private Placement
Mineral Hill Announces Private Placement Mineral Hill Announces Private Placement ...
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[{"type":"text","content":"\n\n\n\nMineral Hill Announces Private Placement\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\n\n\n\n\n\nMineral Hill Announces Private Placement\nCanada NewsWire\nRICHMOND, BC, May 24, 2016\n\n\n\nTrading Symbols:    TSX Venture Exchange: MHI Frankfurt Stock Exchange: N8Z1/WKN: AODLHP OTC Market (US): MHIFF \n\n\n\nRICHMOND, BC, May 24, 2016 /CNW/ - \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\nMineral Hill Industries Ltd. (\"Mineral Hill\" or \"Company\") wishes to announce that the private placement referred to the Company's news release disseminated on May 11, 2016 (\"PP1605\") will consist of up to 6,700,000 securities units (the \"Unit(s)\") in the capital of the Company at a price of $0.30 per Unit upon the approval of the Stock Exchange (\"TSXV\"). Each Unit will consist of one common share plus one transferable common share purchase warrant (\"Warrant\") exercisable over a three year period subsequent to the approval of the TSXV at $0.40, $0.50 and $0.80 respectively if exercised within the first, second or third year subsequent to its date of issuance. The proceeds will be used for general working capital and operating expenses to further the Company's interest in its new project.\n\nThe Company will now engage with potential investors who have expressed an interest to participate in PP1605 in due course.\n\nThe Company seeks Safe Harbor\n\nNeither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.\nSOURCE Mineral Hill Industries Ltd.\n\n\n\n\n\n\nDieter Peter, President & CEO, Phone: (604) 278-1135Copyright CNW Group 2016","length":3236,"tagName":"div"}]