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Mineral Hill Provides Clarification in Respect of Its February 13th, 2020 News Release
Mineral Hill Provides Clarification in Respect of Its February 13th, 2020 News Release ...
About this update from Gold Strategy Inc.
[{"type":"text","content":"\n\n\n\nMineral Hill Provides Clarification in Respect of Its February 13th, 2020 News Release\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.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\n\nCanada NewsWire\nVANCOUVER, Feb. 21, 2020\n\n\n\nToronto: TSX-V: MHIFrankfurt: N8Z1/WKN: AODLHP OTC Market (US): MHIFF \n/NOT FOR DISSEMINATION IN THE UNITED STATES/\n VANCOUVER, Feb. 21, 2020 /CNW/ - Mineral Hill Industries Ltd. (\"MHI\" or \"Company\"), listed on the TSX Venture Exchange (\"TSXV\") under the trading Symbol \"MHI\", and on the Deutsche Boerse, Frankfurt under the trading Symbol \"N8Z1\" wishes to make certain clarifications concerning its news release dated February 13th, 2020.\nThe Company has not, as of the date of this news release, issued any securities on account of the first tranche of its non-brokered private placement (\"PP1\") previously announced on February 13th, 2020.  The formal closing and issuance of securities in connection with PP1 must be predicated on the approval of the TSXV in accordance with its policies, particularly Policy 5.2 – Change of Business and Reverse Takeovers and Policy 4.1 – Private Placements.     \nThe eventual closing of PP1 and subsequent private placements are conditions to the Definitive Acquisition Agreement (\"DA-Agr\"), dated January 28th, 2020 with Southern Colorado Real Estate Ventures Holdings LLC (\"SCRH\") announced in the Company's news release on February 3rd, 2020.  The DA-Agr with SCRH relates to a proposed change of business transaction of which the Company is working towards conditional approval from the TSXV.  To this date, the TSXV has not provided conditional approval on the proposed change of business transaction with SCRH or PP1.    \nAs of the date of this news release, MHI has received subscription agreements for PP1 in the amount of CAD $2,146,053, relating to the subscription of 2,146,053 common shares at a deemed issue price of CAD $1.00 per share. With respect to the CAD $2,146,053 of subscription agreements, funds...