SILVER HILL MINES, INC. Silver Hill Mines, Inc. (OTCPK:SLVH) signed agreement to acquire assets of ISME Institut fur Sport, Medizin & Ernahrung, GmbH for $3.6 million in cash and stock on May 16, 2015. The purchase price will be payable as 3 million common shares to be issued and delivered to ISME upon execution of the agreement and $0.6 million, plus applicable taxes to be paid to ISME on, or before August 31, 2015. The shares issued by Silver Hill Mines shall be restricted from sale for a period of 12 months from the date of issuance.
If ISME decides to sell these shares, Silver Hill Mines shall be granted a right of first refusal. Pit Wadenback acted as the legal advisor to ISME Institut fur Sport, Medizin & Ernahrung, GmbH.
