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Mineral Hill Industries Plans July 8 for Reverse Split Proposal

Mineral Hill Industries Ltd. (MHI.V) shares are flat today at $0.035 each with the lithium prospecting company saying it is scheduling a July 8 vote for shareholders to authorize a reverse split of Mineral Hill stock as large as 12-for-1.

Mineral Hill currently has 42.1 million shares of common stock outstanding as well as warrants allowing holders to purchase up to 21 million additional shares. The upcoming vote would let the company board, at its discretion, to determine the timing along with the precise consolidation ratio.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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