VANCOUVER, BC, Aug. 23,
2024 /CNW/ - Mineral Hill Industries Ltd. ("MHI" or
"Company"), listed on the TSX Venture Exchange ("TSXV") under the
trading Symbol "MHI", on the Deutsche Boerse, Frankfurt under the trading Symbol "MLN", and
on OTC Market under the trading Symbol "MHIFF", wishes to announce
the following corporate updates after it held its Board of
Directors ("BoD") meeting on August 20,
2024.
Mr. Dieter Peter resigned as
Chief Executive Officer and President of the Company due to his
retirement and nominated Mr. Reno Calabrigo to take on those
positions who accepted the positions after a vote was duly
taken.
Mr. Eric Peter-Kaiser resigned as
Director and Member of the Audit Committee due to other
professional commitments but agreed to stay on as interim Chief
Financial Officer and interim Corporate Secretary until qualified
replacements have been appointed in the next few weeks.
The Board would like to thank both gentlemen for their long
service to the Company and wish them well in their future
endeavors.
To replace Mr. Peter-Kaiser as Director Mr. Calabrigo nominated
Mr. Yves Kandel, a lawyer with his
residence in Germany. The Company
has confirmed his acceptance through a "Consent to Act" form.
The BoD decided to appoint only members to the Audit Committee
at this time and to postpone the nominations for Corporate
Governance & Human Resources Committee, Environment &
Safety Committee and the Advisory Committee to one of the next
Board meetings. Until such time the entire BoD assumes any
discussions and decisions arising in respect to possible related
committee issues.
The following persons be appointed to the Audit Committee:
Franz Walter
Convents
Member
Yves Kandel
Member
THE COMPANY SEEKS SAFE HARBOR
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.
SOURCE Mineral Hill Industries Ltd.
