TSX Venture Exchange: MHI
Frankfurt Stock Exchange: N8Z1/WKN: AODLHP
Pink Sheets: MHIFF
The 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.
VANCOUVER, April 11, 2013 /CNW/ - Mineral Hill Industries Ltd. (the "Company" or "Mineral Hill") wishes to announce that further to
its news release on March 27, 2012, it will use its best efforts to
sell additionally a private placement of up to $75,000 by issuing
500,000 flow through units ("FT Units") at $0.15 per unit ("Unit").
Each FT Unit will comprise one flow through common share and one
transferable common share purchase warrant. Each transferable common
share purchase warrant is exercisable for one additional non flow
through common share at $0.20 per share for a period of two years from
the date of closing.
The Company will apply the proceeds from the private placement towards
its existing Lithium properties in the Canadian Province of Quebec.
Certain directors and officers of the Company may acquire units under
the private placement. Any such participation would be considered to
be a "related party transaction" as defined under Multilateral
Instrument 61-101 ("MI 61-101"). The transaction will be exempt from
the formal valuation and minority shareholder approval requirements of
MI 61-101 as neither the fair market value of any units issued to or
the consideration paid by such persons will exceed 25% of the Company's
About Mineral Hill Industries Ltd.
Mineral Hill Industries Ltd. is a Canadian-based Gold and Lithium
Exploration and Development Company trading on the TSX Venture Exchange
(MHI), the Frankfurt Exchange (N8Z), and the OTC Pink Sheets (MHIFF).
Mineral Hill has recently acquired a fifty percent participation as
operator of an open pit "placer gold" project which had been previously
in production. The "Liberty Hill Mine" consists of 127 fee simple
unpatented mining claims totaling 2,444.75 acres in the heart of the
historical California Gold Rush. The Company intends to test a 40,000
cubic yard stockpile of gold bearing material to verify the historical
data of the Liberty Hill Gold Mine and to take steps towards bringing
the mine into production during 2013/14. Additionally the Company owns
a portfolio of three quality lithium properties in Quebec, Canada and
holds the option on one additional property adjacent to Canada Lithium
Corp, which will make Mineral Hill one of the largest lithium
landholders in Québec after Canada Lithium Corp.
Neither the TSX Venture Exchange nor its Regulation Services Provider
(as that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.
SOURCE: Mineral Hill Industries Ltd.
For further information:
For further information, pleasevisit www.mineralhill.com or contact:
President & CEO
Telephone: (604) 685-6803
Fax: (604) 685-2360
Director & President of Veritas Resources Corp.
Telephone: (788) 868-9424