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Mineral Hill Industries Ltd. - Update of Fundamental Acquisition and Terms of the Private Placement
Mineral Hill Industries Ltd. - Update of Fundamental Acquisition and Terms of the Private ...
About this update from Gold Strategy Inc.
[{"type":"text","content":"\n\n\n\nMineral Hill Industries Ltd. - Update of Fundamental Acquisition and Terms of the 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 Industries Ltd. - Update of Fundamental Acquisition and Terms of the Private Placement\nCanada NewsWire\nRICHMOND, BC, Sept. 13, 2016\n\n\n\nTrading Symbols: TSX Venture Exchange: MHIFrankfurt Xetra: N8Z1/WKN: AODLHPOTC Market (US): MHIFF\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\n\n\nRICHMOND, BC, Sept. 13, 2016 /CNW/ - Mineral Hill Industries Ltd. (\"Mineral Hill\" or \"Company\") wishes to announce that based on a review of all of the documentation the Company has provided to the TSX Venture Exchange (\"TSXV\"), as referred to in the Company's August 18, 2016 News Release, the TSXV confirmed that the Company has provided all the documentation required to close the transaction once the Company has closed the financing required to meet its obligations as laid out in the financial plan.\n\nIn personal consultations with its European and North American financiers and investors, the Company's executive received confirmation of its proposed financing and, therefore, the Company wishes to announce that, in accordance with the terms announced on May 24, 2016, it intends to sell by private placement 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 dat...