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Mineral Hill Announces Private Placement to Complete the 100% Acquisition of the DOT-Apex Claim Group In British Columbia
Mineral Hill Announces Private Placement to Complete the 100% Acquisition of the DOT-Apex...
About this update from Gold Strategy Inc.
[{"type":"text","content":"\n \n \n \n Mineral Hill Announces Private Placement to Complete the 100% Acquisition of the DOT-Apex Claim Group In British Columbia\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. 8, 2021\n \n /CNW/ -\n \n Mineral Hill Industries Ltd.\n \n (\"\n \n Mineral Hill\n \n \" or \"\n \n Company\n \n \") (TSXV: MHI)  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 after completion of its initial funding and the respective exploration program for the acquisition of the DOT-Apex claim group, the Company is committed to exercise its exclusive option to acquire a 100% interest in the DOT-Apex claims as approved by its Board of Directors.\n \n \n In connection with the intended exercise of the option referred to above, Mineral Hill is initiating a CAD\n \n $ 300,000\n \n private placement comprised of 1,200,000 common shares at CAD\n \n $0.25\n \n per share. The proceeds of the private placement will be used to complete the second phase of its exploration plans for the acquisition of 100% of the DOT-Apex claim group as well as to meet the Company's administrative requirements.\n \n \n Mr.\n \n Daniel G. Cardinal\n \n , P. Geo., F.G.A.C. and acting Q.P. of the Company, has committed to continue leading the Company's exploration team by following the protocols under the National Instrument 43-101 guidelines.\n \n \n Certain directors and officers of the Company may acquire common shares under the private placement. Any such participation would be considered to be a \"related party transaction\" as defined under Multilateral Instrument 61-101 (\"\n \n MI 61-101\n \n \"). The transaction will be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as ...