Mineral Hill Industries Ltd.: Corporate Update
RICHMOND, December 21, 2015 - Mineral Hill Industries Ltd. (the "Company" or "MHI") (TSX Venture Exchange: MHI, Frankfurt Stock Exchange: N8Z1/WKN: AODLHP, Pink Sheets: MHIFF) wishes to announce that at its Annual General Meeting held on December 17, 2015 (the "AGM"), Messrs. Rafael Pinedo, Grant Hendrickson , Andrew von Kursell, Eric Peter-Kaiser, Milo Filgas and Dieter Peter were re-elected as directors and Davidson & Company LLP were re-appointed as the Company's auditors. The Company appreciated very much that following its News Release December 10, 2015, the representative of its future United Kingdom Partners, Mr. Matthew Rocksborough-Smith, followed MHI's invitation and took the opportunity to fly in from London to discuss further the Company's future operational and financing opportunities with the newly elected Board of Directors.
At the board meeting held immediately after the AGM, the following officers and committee members were appointed:
| Officers | |
| President & CEO | Dieter Peter |
| Interim Chief Financial Officer | Andrew von Kursell |
| Corporate Secretary | Michael Kelm |
| Audit Committee Andrew von Kursell, Chairman Rafael Pinedo Eric Peter-Kaiser | Environmental and Safety Committee Rafael Pinedo, Chairman Andrew von Kursell Eric Peter-Kaiser
|
| Advisory Committee Eric Peter-Kaiser, Soc. Media |
The Company also granted an aggregate of 610,500 incentive stock options to its officers, directors and employees at an exercise price of $0.14 per share for a three-year exercise period. The grant of the options is subject to vesting provisions in accordance to the company's Stock-Option Plan and the approved Stock-Option Agreements between the Company and the option holders.
In its December 11, 2015 news release, the Company announced the extension of 3,048,750 previously issued share purchase warrants (the "Warrants") with an exercise price of $0.30 per Warrant exercised. MHI wishes to confirm that the TSX Venture Exchange has approved the extension of the Warrants to December 14, 2016.
We Seek 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.
Contact
please visit www.mineralhill.com or contact: Email: info@mineralhill.com; Dieter Peter, President & CEO, Phone: (604) 278-1132, Fax: (604) 278-1139