VANCOUVER, BC, Dec. 9, 2022
/CNW/ - 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 provide an update on the
private placement announced first on April
29, 2022 and again confirmed by the Company on July 28, 2022.
The Company canceled a previously executed subscription
agreement due to the expiration of that subscription agreement.
Mineral Hill executed a new subscription agreement with ProVenture
Capital AG, a company registered in Switzerland, and has received a bank
confirmation of the funds being transferred to Mineral Hill.
The Company expects to close the financing after it receives the
funds in its bank account and the final approval of the TSXV.
The conditions and scope of the financing will remain the same
with the Company raising $150,000
comprised of 600,000 common shares at $0.25 per share.
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 further developing its
optioned exploration 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.
SOURCE Mineral Hill Industries Ltd.
