Trading Symbols: TSX Venture Exchange: MHI Frankfurt Stock Exchange: N8Z/WKN: AODLHP Pink Sheets: MHIFF
VANCOUVER, May 19 /CNW/ - Mineral Hill Industries Ltd. ( Mineral Hill or the Corporation ) announces that the price of its private placement previously announced on May 12, 2009 will be issued at a price of $0.03 per unit. The Company will issue up to 20,000,000 units for gross proceeds of $600,000. Each unit will be comprised of one common share and one common share purchase warrant. Each warrant is exercisable for one additional common share for a period of five years from the date of closing at $0.05 per share for the first year and at $0.10 per share, if exercised after the first year and for the remaining term following the closing.
All the foregoing is subject to regulatory approval.
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