N8Z1 Frankfurt


This company is an energy exploration and developer of converted clean energy. The company hit its 52 week high of $0.35 CD in June 2017. We expect a further test of the $0.35 CD level a 60% upward move from current levels.

The company has a superior and highly experienced management team . The company is executing its business model as anticipated. We feel this company has great potential as a developer of oil and gas properties.

African Oil & Gas Exploration:

Mineral Hill  is in the process of acquiring a 45% of the outstanding shares of in CPS Energy Resources Plc, a UK Company with a 80.75% working economic interest in the Production Sharing Contract for a large gas and oil block in the Niger Delta region of Nigeria. Fact Sheet - Rick Rule On Gold 

Company Website; http://mhi.mineralhill.com/
Mineral Hill Evaluates Favourable Report on Potential Nigerian Oil Acquisition

Canada NewsWire

RICHMOND, BC, Aug. 15, 2017 /CNW/ -Mineral Hill Industries Ltd. ("Mineral Hill" or "Company") is pleased to report that its proposed future exploration partner, CPS Energy Resources Limited ("CPS"), has updated its shareholders on its to be developed OPL-236-project.

CPS is a UK incorporated private company of which Mineral Hill has executed Share Purchase Agreement with existing shareholders of CPS ("SPA") to acquire 45% of CPS' outstanding shares and Mineral Hill has also negotiated the irrevocable Right of First Refusal to acquire additional 8% of the outstanding shares of CPS held by two CPS shareholders (see the Company's announcement of January 16, 2017).

CPS announced, in particular, certain findings of a major study undertaken by a qualified integrated energy services company ("QIESC") as a "Competent Persons Report" or CPR to be updated to comply with NI 51-101 and COGE Handbook standards. 

QIESC used data and reports which included the following; seismic database in an HIS Kingdom project, an asset evaluation report from 2010, a drilling report from 1988, a geological study of OML 48, a petrophysical review of the block undertaken in 2007.

CPS Energy Resources entered into an option agreement to jointly develop the contract area covered by OPL 236. After commercial, technical and legal due diligence, CPS has exercised its option to acquire an 80.75% participating interest in the production sharing agreement for OPL 236 subject to receipt of ministerial and corporate consent including final regulatory approval, further to which full asset transfer shall take place.

The SPA necessitates that the above mentioned QIESC report will be updated with a full "NI-51-101" report before the final approval of the Acquisition by the TSX-V.

Mineral Hill: Private placement and Xetra quotation  - To Raise $900,000

Canada NewsWire

RICHMOND, BC, July 28, 2017 /CNW/ - In respect to the Company's news release dated March 2, 2017, Mineral Hill Industries Ltd. ("Mineral Hill" or "Company") wishes to announce that certain subscribers of the announced private placement had to be replaced but the Company intends to soon complete a non-brokered private placement of up to 3,000,425 securities units (the "Unit(s)") in the capital of the Company at a price of $0.30 per Unit for a total proceeds of up to $900,128. Each Unit will consist of one common share and one transferable common share purchase warrant ("Warrant"). Each Warrant is exercisable for three years from the date of issuance at $0.40 during the first year, $0.50 during the second year and at $0.80 during the third year from the date of issuance. A finder's fee will be paid by the Company to non-insiders in connection with the completion of the private placement.

As announced previously, certain directors and officers will acquire units under the private placement. Any such participation would be considered to be a "related party transaction" as defined under Multilateral Instrument 61-101 ("MI 61-101"). The transaction will be exempt from the formal valuation and minority approval requirements of MI 61-101 as neither the fair market value of any shares issued to or the consideration paid by such persons will exceed 25% of the Company's market capitalization.

Further, the Company wishes to clarify that Deutsche Börse (German Stock Exchange, Frankfurt) is introducing a new system to its Xetra listings, where in future only securities that are "DTC" eligible, the Depository Trust Company (DTC) is a securities depository based in the U.S., are able to be listed on "Xetra". This new regulation excludes presently MHI's Xetra quotation, as the Company is only eligible for Canadian Depository for Securities ("CDS"), but Mineral Hill will remain co-listed on the Frankfurt, Berlin and Munich quotation platforms.


Update on Mineral Hill's Oil & Natural Gas Project

Update on Mineral Hill's Oil & Natural Gas Project

Canada NewsWire

Trading Symbols: 
TSX Venture Exchange: MHI 
Frankfurt Xetra: N8Z1/WKN: AODLHP 
OTC Market (US): MHIFF

RICHMOND, BC, July 5, 2017 /CNW/ - Mineral Hill Industries Ltd. ("Mineral Hill" or "Company") is pleased to announce that CPS Energy Resources Limited ("CPS") has notified the Company of the positive developments in respect to the future project bond financing of the OPL-236 project.  CPS is the UK incorporated private company of which Mineral Hill proposed to acquire 45% of CPS' issued shares and has the irrevocable Right of First Refusal to acquire additional 8% of the outstanding shares of CPS held by two CPS shareholders (see also the Company's announcement of January 16, 2017).

In its announcement to the Company CPS states the following:
"CPS is pleased to update on its progress in respect to the bond being created to develop the OPL-236 project. As announced on December 5th, 2016 by Mineral Hill, MHI Mass Energy Financing plc was incorporated in the UK ("MMF") for the purpose of facilitating a USD Zero-coupon Bond issue to net MMF USD 60M (the "MMF-Bond"). The MMF-Bond will back-up all future developments for the OPL-236 project and is intended to be completed after closing the proposed private placement and allow the whole five year government approved work programme to be undertaken.  An agreement has been signed with a Danish based financial services company to assist with the issue of the bond and there have been discussions with two substantial institutional investors over a number of weeks, which would involve an investment of between $60-70m for a ten year term conditional upon the completion of its due diligence, particularly on the insurance protection.

A US based insurance company has completed due diligence and it is expected that they will confirm that they will insure the bond which will provide additional investor security in the form of insurance. The terms for the insurance have been articulated and agreed upon based on the draft paperwork which has been shared with two potential major bond investors. A further announcement will follow when the insurance is in place, expected soon.

CPS has instructed RH Capital Limited of London, UK ("RH Capital") to distribute the bond to raise funds if neither of the two current interested parties would proceed. RH Capital has had meetings in London and Dubai and has a number of parties willing in principle to assist with the distribution of the bond, supported by a BBB+ insurance wrap for both capital and rolled up interest."

Mineral Hill appreciates the effort of CPS especially in respect to the extension of bond's maturity to ten years compared to the maturity date quoted in the above mentioned announcement of January 16, 2017.

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.

View original content: http://www.newswire.ca/en/releases/archive/July2017/05/c3425.html

Dieter Peter, President & CEO, Phone: (604) 278-1135Copyright CNW Group 2017

Source: Canada Newswire (July 5, 2017 - 3:59 PM EDT) 

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