TSX Venture Exchange: MHI
Frankfurt Stock Exchange: N8Z/WKN: AODLHP
Pink Sheets: MHIFF
VANCOUVER, March 22 /CNW/ - MINERAL HILL INDUSTRIES LTD. (TSX.V - MHI) is pleased to announce that it has retained the services of Senergy Communications Inc. ("Senergy"), to assist the Company in its investor relations activities.
Senergy Communications Inc. is a British Columbia company, based in Vancouver, BC and provides investor relations and marketing services to public companies. Senergy and the Company are at arms-length to one another.
Senergy will assist the company in procuring meetings with mining analysts and brokers, developing a strategic marketing plan to increase investor awareness, communicating with existing and potential investors, attending conferences and trade shows, developing effective corporate presentations, and providing general counsel on corporate communications and marketing.
The Company has agreed to pay Senergy a monthly fee of $3,500 for a six month term of the agreement which may be renewed on mutually agreeable terms thereafter. The Company has agreed to grant stock options to Senergy, to purchase up to 300,000 common shares in the capital stock of the Company, exercisable at a price of $0.075 per share, over a six months (6) period expiring September 11 , 2010. Pursuant to the stock option agreement, the options will vest as follows:
a. 50% from the date of the agreement;
b. 50% from the ninety first day thereafter.
This grant of the share options to Senergy is subject to the TSX Venture Exchange regulatory approval.
About Mineral Hill Industries Ltd.
Mineral Hill Industries Ltd. is a Canadian-based rare earth mineral exploration and development company trading on the TSX Venture Exchange (MHI), the Frankfurt Exchange (N8Z/WKN: AODLHP), and the OTC Pink Sheets (MHIFF). Mineral Hill has accumulated a diversified portfolio of quality lithium and precious metal properties in Canada. The Company's primary focus is on developing its three 100%-owned hard-rock lithium carbonate exploration projects in Quebec, Canada and actively pursuing new acquisitions of brine lithium projects. Mineral Hill recently completed and filed a NI 43-101 Technical Report on three projects located near Val d'Or, Quebec which confirmed elevated Li2O concentrations. Following completion of the NI 43-101 Technical Report, Mineral Hill is evaluating the next stage of development for its Quebec lithium projects in 2010 which may include drilling and further exploration. For more information on Mineral Hill Industries Ltd. and its projects visit the Company's website at www.MineralHill.com
On behalf of the Board of Directors
Mineral Hill Industries Ltd:
John Punzo, President
FORWARD LOOKING STATEMENTS: This press release contains forward-looking statements, which address future events and conditions, which are subject to various risks and uncertainties. The Company's actual results and financial position could differ materially from those anticipated in such forward-looking statements as a result of numerous factors, some of which may be beyond the Company's control. These factors include: results of exploration activities and development of mineral properties, fluctuations in the marketplace for the sale of minerals, the inability to implement corporate strategies, the ability to obtain financing, currency fluctuations, general market and industry conditions and other risks disclosed in the Company's filings with Canadian Securities Regulators.
Forward-looking statements are based on the expectations and opinions of the Company's management on the date the statements are made. The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.
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: visit www.mineralhill.com or contact: Michael Johal, Mineral Hill Industries Ltd., Tel: (604) 630-6792, firstname.lastname@example.org; Investor Relations, Senergy Communications, Shiro Rae, Tel: (778) 331-2028, email@example.com