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| May 19, 2009 Mineral Hill Industries Ltd. Amends Price of Private Placement Offering | |
| Mineral Hill Industries Ltd. ("Mineral Hill" or the "Company") announces that the price of its private placement previously announced on May 12, 2009 will be issued at a price of $0.03 per unit. The Company will issue up to 20,000,000 units for gross proceeds of $600,000. Each unit will be comprised of one common share and one common share purchase warrant. Each warrant is exercisable for one additional common share for a period of five years from the date of closing at $0.05 per share for the first year and at $0.10 per share, if exercised after the first year and for the remaining term following the closing. All the foregoing is subject to regulatory approval. For further information, please contact: Dieter Peter Chairman & CEO Telephone: (604) 685-4170 The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release. | |
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