Mineral Hill Receives Extension of the Bridge Financing FOR Due Diligence
Trading Symbols:
TSX Venture Exchange: MHI
Frankfurt: MLN/WKN: A1JKJN
OTC Market (US) Pink Sheets: 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 RECEIVES EXTENSION OF THE BRIDGE FINANCING
FOR DUE DILIGENCE
Vancouver, BC, Canada – January 31, 2022
Mineral Hill Industries Ltd. (“Mineral Hill” or “Company”) listed on the TSX Venture
exchange (“TSXV”) under the trading symbol “MHI” and on the Deutsche Boerse, Frankfurt under the
trading symbol “MLN” wishes to announce that the TSXV has granted a thirty day extension of the
private placement announced on December 13, 2021 in order to finalize a Bridge Financing for its due
diligence under the terms of the Memorandum of Understanding (“MOU”) announced on November
17, 2021 with an overseas corporation which is involved in the business of acquiring and financing
mineral resource assets consisting of alluvial gems and minerals (“RTO-Project”).
The conditions and scope of the bridge financing will remain the same with the Company raising
$150,000 comprised of 600,000 common shares at $0.25.
The financing will meet each criteria of Policy 5.2, section 5.3 “Bridge Financing” and will be
used for covering costs such as legal fees, audit fees and due diligence associated with proceeding to
completion of a possible RTO. No payments will be made to the vendor.
THE COMPANY SEEKS SAFE HARBOUR
ABOUT MINERAL HILL INDUSTRIES LTD
Mineral Hill is a publicly trading junior mining company focused on the acquisition, exploration,
development and possible mining of natural resources, with the objective of developing the Dot-Apex
Claim Group (“Apex Claims”) and the Master-ACE Claim Group (“ACE Claims”), located in south-
western British Columbia (the “BC-Project”).
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.
This news release may contain forward-looking statements based on assumptions and judgments of management
regarding future events or results. Such statements are subject to a variety of risks and uncertainties which could
cause actual events or results to differ materially from those reflected in the forward-looking statements. There
is no assurance the property option referred to above will be exercised or the private placement referred to
above will close on the terms as stated, or at all. The Company disclaims any intention or obligation to revise
or update such statements.
FOR FURTHER INFORMATION CONTACT :
Dieter Peter, President & CEO; Phone: +1 (604) 617-6794