Mineral Hill Industries Ltd. Issues Shares to Settle Long Term Loans.
Trading Symbols:
TSX Venture Exchange: MHI
Frankfurt: N8Z1/WKN: AODLHP
OTC Market (US): MHIFF
NEWS RELEASE
HO:
#170- 422 Richards Street, Tel : 604-617-6794
Vancouver, BC, Canada, V6B 2Z4 Fax:604-568-9844
www.MineralHill.com Email:[email protected]
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Mineral Hill Industries Ltd. Issues Shares to Settle Long Term Loans.
Vancouver, BC, Canada - November 12, 2018
Mineral Hill Industries Ltd. (the “Company” or “Mineral Hill”) wishes to announce that in reference
to its News Release dated October 17, 2018, the TSX Venture Exchange (the “TSX-V”) has accepted
for filing the Company’s proposal to issue 6,468,910 common shares to Merfin Management Limited
(“Merfin”) and 585,975 common shares to Infogen Research Limited (“Infogen”) respectively to settle
long outstanding insider loans. The shares will have no warrants attached and the cost of $0.155 per
share was calculated based on the weighted average trading price for the previous two months.
Merfin and Infogen agreed to a voluntary holding period of four months from the issuance date.
The shares have been issued and the long-term insider debt has been herewith extinguished. The
Company is pleased that both lenders showed faith in Mineral Hill’s future and Management is looking
forward to the Company’s new endeavors within the energy business.
The Company seeks Safe Harbor
For further information, please contact:
Dieter Peter. President & CEO Phone: (604) 617-6794
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.