| Mineral Hill Announces Shares for Debt Settlement | |
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Trading Symbols: TSX Venture Exchange: MHI Frankfurt Stock Exchange: N8Z1/WKN: AODLHP Pink Sheets: MHIFF
RICHMOND, BC , Sept. 16, 2014 /CNW/ - Mineral Hill Industries Ltd. (the "Company" or "Mineral Hill") is pleased to announce that its Board of Directors has approved a settlement accepting shares from Kirkland Precious Metals Corp. ("KPM"), a company affiliated through three common directors, in exchange for unpaid debt that had accumulated since December 2012 . Since 2012, the Company has been providing KPM with administrative services and sublease of office space for which the Company has accumulated a receivables balance due from KPM of $109,454 . The Company will receive 2,189,200 common shares of KPM at a deemed price of $0.05 per share as payment for the outstanding balance.
KPM is a reporting Company but has not yet submitted an application for listing its securities on any stock exchange. Mineral Hill and KPM are affiliated through two common directors.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE Mineral Hill Industries Ltd.
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Mineral Hill Industries Ltd.
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CODE : MHI.V |
ISIN : CA60283T2074 |
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Mineral Hill Industries est une société d’exploration minière d'or basée au Canada. Mineral Hill Industries détient divers projets d'exploration au Canada. Ses principaux projets en exploration sont LAC BARRY et MINERAL HILL au Canada. Mineral Hill Industries est cotée au Canada et aux Etats-Unis D'Amerique. Sa capitalisation boursière aujourd'hui est 884 800 CA$ (645 368 US$, 602 839 €). La valeur de son action a atteint son plus haut niveau récent le 29 décembre 2006 à 1,55 CA$, et son plus bas niveau récent le 27 novembre 2009 à 0,01 CA$. Mineral Hill Industries possède 11 060 000 actions en circulation. |