TSX Venture Exchange: MHI
Frankfurt Stock Exchange: N8Z/WKN: AODLHP
Pink Sheets: MHIFF
VANCOUVER, Sept. 8, 2011 /CNW/ - Mineral Hill Industries Ltd. wishes to
announce that the Company's common shares will begin trading on a
post-consolidation basis when markets open on September 9, 2011.
As announced in the Company's news release dated August 29, 2011,
shareholder authorization to effect the share consolidation was
approved at the annual general meeting held on July 8, 2011 and the
Board of Directors approved the implementation of the share
consolidation on August 29, 2011 on a basis of twelve (12)
pre-consolidated common shares to one (1) post-consolidated common
share. The share consolidation has been accepted by the TSX Venture
There will be no name change in conjunction with the share consolidation
and the Company's common shares will continue to be traded under the
symbol "MHI" on a post consolidation basis, under the new CUSIP
60283T207/ISIN CA 60283T2074.
Letters of transmittal with respect to the consolidation will be mailed
out to all registered shareholders on/about September 12, 2011. All
registered shareholders of the Company who have not deposited their
shares with a securities broker, will be required to send their
certificates representing pre-consolidation common shares with a
properly executed letter of transmittal to the Company's transfer
agent, Computershare Investor Services Inc., in accordance with the
instructions provided in the letter of transmittal. Additional copies
of the letter of transmittal can be obtained through Computershare
Investor Services Inc. All shareholders who duly complete letters of
transmittal will receive post-consolidation common share certificates.
No certificates representing fractional post-consolidation common
shares will be issued pursuant to the consolidation. If shareholders
have their shares deposited with a securities broker, the brokerage
firm will usually take care of the proper share exchange.
Following consolidation and subject to rounding, the Company will have
3,509,588 common shares issued and outstanding. All outstanding options
and warrants will be adjusted accordingly to reflect the share
Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this news release.
SOURCE Mineral Hill Industries Ltd.
For further information:
For more information on Mineral Hill Industries Ltd. and its projects, please visit the Company's website at www.mineralhill.com, or contact:
President and CEO
Mineral Hill Industries Ltd.
Telephone: (604) 685-4170