Mineral Hill Industries Ltd. - Non-Brokered Private Placement



    Trading Symbols:
    ----------------
    TSX Venture Exchange: MHI
    Frankfurt Stock Exchange: N8Z / WKN: AODLHP

    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, June 19 /CNW/ - Mineral Hill Industries Ltd. ("the Company")
wishes to announce it will use its best efforts to sell by private placement
up to 1,000,000 Flow-Through Units at $0.42 per unit ("FT-Unit") and up to
1,000,000 Non Flow-Through Units at $0.35 per unit ("NFT-Unit"). Each FT-Unit
will be comprised of one common share and one-half of one transferable common
share purchase warrant. Each whole warrant forming part of an FT Unit is
exercisable for one additional non flow-through common share for a period of
two years from the date of closing at $0.50 per share if exercised within the
first year following the closing or at $0.60 per share if exercised within the
second year following the closing. Each NFT-Unit will be comprised of one
common share and one-half of one transferable common share purchase warrant.
Each whole warrant forming part of an NFT-Unit is exercisable for one
additional non flow-through common share for a period of two years from the
date of closing at $0.45 per share if exercised within the first year
following the closing or at $0.55 per share if exercised within the second
year following the closing.
    The Company will apply the proceeds from the private placement to an
exploration project in northern British Columbia and for working capital to
fund ongoing operations and acquisitions.
    The Company may pay a finder's fee in connection with the private
placement.
    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 market capitalization.
    This private placement is subject to regulatory approval.

    The TSX Venture Exchange has not reviewed and does not accept
    responsibility for the adequacy or accuracy of this news release.




For further information:

For further information: Dieter Peter, Chairman & CEO, Telephone: (604)
685-4170; Pamela Keck, Investor Relations Co-ordinator, Telephone (direct):
(604) 630-6792


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