TSX Venture Exchange: MHI
Frankfurt Stock Exchange: N8Z1/WKN: AODLHP
Pink Sheets: MHIFF
RICHMOND, BC, Dec. 11, 2015 /CNW/ - Mineral Hill Industries Ltd. (the "Company" or "MHI") wishes to announce that its Board of Directors has approved the extension of the term of 3,048,750 share purchase warrants (the "Warrants") with an exercise price of $0.30 per share due to expire on December 14, 2015 for the number of calendar days the Company's stock is halted on the TSX Venture Exchange ("TSX-V"). Issued on December 14, 2011 and originally set to expire on December 14, 2013, the Warrants were extended in November 2013 for an additional two years. No warrants have been exercised since the amendment.
The Directors recognize that the prolonged halt on the trading of the Company's stock on the TSX-V has made it difficult for Warrant holders to evaluate the exercise price of the Warrants against any actual market performance of the Company's shares and believe that the extension will provide the Warrant holders with a fair opportunity to assess the value of the Warrants.
The amendment is conditional on the final approval of the TSX Venture Exchange.
The Company seeks Safe Harbor
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: Dieter Peter, President & CEO Phone: (604) 278-1132