An overseas corporation (GEMSco) entered into a Letter of Intent to acquire Mineral Hill Industries Ltd. (TSXV:MHI) in a reverse merger transaction on February 28, 2022. The terms of LOI will result in a change of control positions within Mineral Hill Industries Ltd. The Letter of Intent was entered into after the termination of the non-binding Memorandum of Understanding (MOU) announced on November 17, 2021, after careful consideration of all aspects As the parties are not continuing under the terms of the MOU, Mineral Hill cancelled the Bridge Financing of CAD 150,000 to cover the upcoming costs associated with the completion of a possible RTO under the MOU.
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
0.08 CAD | -42.86% | -.--% | -.--% |
1st Jan change | Capi. | |
---|---|---|
-.--% | 1.24M | |
-11.66% | 149B | |
-8.39% | 116B | |
-0.50% | 72.64B | |
-9.58% | 43.19B | |
+1.03% | 40.47B | |
+20.90% | 36.77B | |
+116.34% | 34.81B | |
+20.84% | 25.54B | |
+78.17% | 20.48B |
- Stock Market
- Equities
- MHI Stock
- News Mineral Hill Industries Ltd.
- An overseas corporation (“GEMSco”) entered into a Letter of Intent to acquire Mineral Hill Industries Ltd. in a reverse merger transaction.