Early Warning News Release FOR Dieter Peter, President and CEO of Mineral Hill Industries and Merfin Management Limited
Tel :604-617-6794
Fax:250-767-1870
Email:[email protected]
#170- 422 Richards Street,
Vancouver, BC, Canada, V6B 2Z4
www.MineralHill.com
Toronto: TSX-V: MHI
Frankfurt: MLN/WKN: A1JKJN
OTC Market (US): MHIFF
NEWS RELEASE
Vancouver, BC, Canada – August 8, 2024
EARLY WARNING NEWS RELEASE FOR DIETER PETER, PRESIDENT
AND CEO OF MINERAL HILL INDUSTRIES AND
MERFIN MANAGEMENT LIMITED
Dieter Peter, president, chief executive officer and a director of Mineral Hill Industries Ltd (“MHI”
or “Company”) and Merfin Management Limited (“MRF”), private holding company’s and MHI’s
current controlling shareholder, has executed on August 6, 2024 a letter of intent (the “LOI”) with
Instant Finance and Consulting AG (“IFCAG”) whose controlling shareholder and representative is
Mr. Boris Vrabec for the possible private sale of 11,383,795 common shares of MHI held by MRF
(the “MRF/MHI-Shares”), representing a control position of MHI’s outstanding share capital, at a
price of $0.022 per MRF/MHI-Share.
IFCAG is a private company incorporated and existing under the laws of Switzerland of which Mr.
Boris Vrabec is a member of IFCAG’s “Verwaltungsrat”.
IFCAG, either directly or through its subsidiaries provides independent advice and provision of all
services internationally, in particular within the entire insurance, fiduciary, financial, financial and
administrative sectors and has entered into acquisition and significant financing agreements to acquire
and finance substantial precious mineral projects and has assembled a highly qualified exploration
and mining team.
MHI has currently 21,324,807 common shares (“MHI-Shares”) outstanding of which MRF presently
owns 11,383,795 MHI-Shares representing 53.38% of the Company's issued and outstanding
securities.
The share transfer of the MRF/MHI-Shares from Mr. Peter to IFCAG will create a new control person
and result in a change of control under the Policies of the TSX Venture Exchange, and will require
the approval of disinterested shareholders of the Company and acceptance by the TSX Venture
Exchange. As the Company had already announced on June 21, 2024 its upcoming Annual General
and Special Meeting (the “AGSM”) to be held on August 20, 2024, sometime before the LOI was
finalized, the Company will be seeking disinterested shareholder approval of the transfer of the
MRF/MHI-Shares from Mr. Peter to IFCAG at the AGSM. This matter will be brought before the
AGSM under item 6 “transaction of further business” of the Notice of the AGSM.
Disinterested shareholders previously unanimously approved a “change of control” to Echos Holding
AG (“Echos”) via a “Call Option” pertaining to a control block of MHI-Shares owned by MRF, at the
#170- 422 Richards Street,
Vancouver, BC, Canada, V6B 2Z4
www.MineralHill.com
Tel :604-617-6794
Fax:250-767-1870
Email:[email protected]
2
Company’s Special Shareholders Meeting held on February 21, 2023. The Call Option to Echos was
not exercised and expired in 2023 and there was no ”change of control” of MHI’s share capital.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.
The Company seeks Safe Harbor.
For further information contact the Company or:
Dieter Peter, President & CEO; Phone: (604) 617-6794