The securities which may be offered have not been, nor will be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States or to U.S. persons without registration or applicable exemption from the registration requirement of such Act.
Tel :604-617-6794
Fax:604-568-9844
Email:[email protected]
Toronto: TSX-V: MHI
Frankfurt: N8Z1/WKN: AODLHP
OTC Market (US): MHIFF
NEWS RELEASE
The securities which may be offered have not been, nor will be, registered under the United States
Securities Act of 1933, as amended, and may not be offered or sold in the United States or to U.S.
persons without registration or applicable exemption from the registration requirement of such Act.
This release does not constitute an offer for sale of such securities in the United States of America.
Vancouver, BC, Canada – February 13, 2020
Mineral Hill Provides Closing Details of First Tranche
of First Private Placement Announced on February 3rd, 2020
Mineral Hill Industries Ltd. (“MHI” or “Company”), trading on the TSX Venture Exchange
(“TSXV”) under the trading Symbol “MHI”, on the Deutsche Boerse, Frankfurt under the trading
Symbol “N8Z1” wishes to announce that its first non-brokered private placement (“PP1”) in the total
amount of C$2,500,000 as announced on February 3, 2020, generated a strong investor interest
and oversubscribed the anticipated amount for the first of three Tranches.
MHI closed today the first Tranche of PP1 and committ ed to the issuance of 1,335,084
common shares at a deemed issue price of C$1.00 per share resulting in proceeds to the Company
of C$1,335,084. MHI expects to close the remaining two Tranches of PP1 very shortly whereby no
finder’s fees will be paid by the Company in connection with the private placement. After closing of
PP1, MHI will immediately proceed with the closing of private placement “PP2” as committed under
the terms of the Definitive Acquisition Agreement announced on February 3, 2020.
As previously announced, the Company designated the proceeds from PP1 for general
working capital, development of existing assets and additional acquisitions which includes the
possible buyout of minority partnership interest in existing REIT assets.
About Mineral Hill Industries (“MHI”):
MHI is in the process of changing its business direction by launching an RTO transaction with a
privately held “REIT” company which leases its real estate tracts and properties to RV -parks,
agriculture cultivation centers and Cannabis dispensaries in Florida and Colorado (“Transaction”).
Subsequent to the regulatory approval of the Transaction MHI will be trading under the name of MHI
REIT CORPORATION (“MRC”) and focus on its unique, specialty real estate assets that generate
multiple revenue streams in rapidly growing sectors in North America. MRC assets will provide
investors access to unique, diversified real estate opportunities that generate positive cash flow and
provide a solid foundation for the Company’s objective to expand its business internationally.
#170- 422 Richards Street,
Vancouver, BC, Canada, V6B 2Z4
www.MineralHill.com
Tel :604-617-6794
Fax:604-568-9844
Email:[email protected]
2
“Completion of the Transaction is subject to a number of conditions, including but not limited to, the
acceptance by the TSXV and, if applicable, the disinterested shareholder approval. Where
applicable, the Transaction cannot close until the required shareholder approval and the acceptance
of the Transaction by the TSXV are obtained. There can be no assurance that the Transaction will
be completed as proposed or at all.
Investors are cautioned that, except as disclosed in the management information circular or filing
statement to be prepared in connection with the Transaction, any information released or received
with respect to the transaction may not be accurate or comp lete and should not be relied upon.
Trading in the securities of Mineral Hill Industries Ltd.’s shares are highly speculative.
The TSX Venture Exchange Inc. has in no way passed upon the merits of the proposed Transaction
and has neither approved nor disapproved the contents of this news release.”
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.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION:
This news release includes certain “forward-looking statements” under applicable Canadian
securities legislation. Forward-looking statements include, but are not limited to, statements with
respect to the Company’s business and operations including development expansion plans and our
general business plans. Forward-looking statements are necessarily based upon a number of
assumptions that, while considered reasonable, are subject to known and unknown risks,
uncertainties, and other factors which may cause actual results and future events to differ materially
from those expressed or implied by such forward-looking statements. Such factors include, but are
not limited to: compliance with extensive government regulation, the general business, economic,
competitive, political and social uncertainties; successful negotiation of necessary agreements;
requirement for further capital, delay or failure to receive board, shareholder or regulatory
approvals; the results of operations and such other matters as set out in the Filing Statement
available on SEDAR at www.sedar.com. There can be no assurance that such statements will
prove to be accurate, as actual results and future events could differ materially from those
anticipated in such statements.
For further information contact the Company or:
Dieter Peter, Director & CEO;
Phone: 1-(604) 617-6794 or 1-(800)-881-1528