Mineral Hill Announces Extension of Warrants
Trading Symbols: TSX Venture Exchange: MHI Frankfurt Stock Exchange: N8Z1/WKN: AODLHP Pink Sheets: MHIFF
VANCOUVER, Nov. 21, 2013 /CNW/ - Mineral Hill Industries Ltd. (the "Company" or "Mineral Hill") wishes to announce that its Board of Directors has decided to extend the term of 3,048,750 share purchase warrants (the "Warrants") issued on December 14, 2011 and with an expiry date of December 14, 2013 for an additional two years ending December 14, 2015.
The Directors recognize that the Warrants are unlikely to be exercised before the expiry date and believe that the extension will provide the investors with an opportunity retain their warrants for an extended period while economic conditions within the industry improve. The amendment will also provide the Company with a potential source of additional capital over the next 24 months.
The amendment is conditional on the final approval of the TSX Venture Exchange.
About Mineral Hill Industries Ltd. Mineral Hill Industries Ltd. is a Canadian-based Gold and Lithium Exploration and Development Company trading on the TSX Venture Exchange (MHI), the Frankfurt Exchange (N8Z1), and the OTC Pink Sheets (MHIFF).
Mineral Hill has optioned a fifty percent participation of an open pit "placer gold" project which had been previously in production. The "Liberty Hill Mine" consists of 127 fee simple unpatented mining claims totaling 2,444.75 acres in the heart of the historical California Gold Rush. The Company will operate the Liberty Hill Gold Mine through its USA wholly owned subsidiary Veritas Resources Corp. and will test an existing stockpile of material to verify the historical data.
Additionally, the Company has acquired a portfolio of four quality lithium properties in Québec, Canada, which will make Mineral Hill one of the largest potential lithium landholders in Québec after Canada Lithium Corp.
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.
please visit www.mineralhill.com or contact: Dieter Peter President and CEO Mineral Hill Industries Ltd. Telephone: (604) 685-4170 Email: email@example.com
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CO: Mineral Hill Industries Ltd. ST: British Columbia NI: MNG NASDAQ
-0- Nov/21/2013 23:43 GMT