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.
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)