SILVER HILL MINES, INC. (OTCMKTS:SLVH) Files An 8-K Unregistered Sales of Equity SecuritiesItem 3.02 Unregistered Sale of Equity Securities
On April 26th, the company authorized the issuance of one million (1,000,000) shares to Saint David Catholic Church as a charitable contribution at a value of $0.05 per share or $50,000.
The offer and sale of the common shares above relied on the transaction exemption afforded by Section 4(a)(2) and, or Regulation S of the Securities Act of 1933, as amended. The offer and sale is exempt because of the private nature of the transaction which did not involve a public offering of securities.
About SILVER HILL MINES, INC. (OTCMKTS:SLVH)
Silver Hill Mines, Inc. is focused on food and beverage manufacturing market. The Company is engaged in finding an acquisition or merger candidate. The Company intends to seek to acquire the assets or shares of an entity actively engaged in business in exchange for its securities through a business combination transaction. The Company has no operations and no revenues or earnings from operations. The Company was organized primarily for the purpose of exploring for, acquiring and developing mineral properties with a potential for production. SILVER HILL MINES, INC. (OTCMKTS:SLVH) Recent Trading Information
SILVER HILL MINES, INC. (OTCMKTS:SLVH) closed its last trading session 00.000 at 0.160 with 240 shares trading hands.