SOURCE: Fernhill Corporation

May 23, 2013 10:15 ET

Fernhill Corporation Secures Financing

LAS VEGAS, NV--(Marketwired - May 23, 2013) -  Fernhill Corporation (PINKSHEETS: FERN) "Fernhill Corporation Secures Financing."

Fernhill Corporation Inc. (the "Company") today announced that the Company has negotiated financial terms and conditions to secure a line of credit in the form of convertible debt from an investment group. The convertible note will have the option after one year, to exercise 'conversion rights' if the loaned amount is not paid on or before July 22, 2014. The company will receive the monies no later than 60 days. The company's intent for securing non dilutive financing is essential to shareholder value and will enable property payments and work procedures to occur as planned. 

The company's recent LOI agreement the "Silver Bell Mine Property" is located on the south shore of Horne Lake, approximately 15 kilometers northeast of Port Alberni, British Columbia.

Forward Looking Statements and Safe Harbor Statement:

This news release contains forward-looking statements. Forward-looking statements are statements which relate to future events. In some cases, you can identify forward-looking statements by terminology such as "may," "should," "expects," "plans," "anticipates," "believes," "estimates," "predicts," "potential" or "continue" or the negative of these terms or other comparable terminology. These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause our or our industry's actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. While these forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding the direction of our business, actual results will almost always vary, sometimes materially, from any estimates, predictions, projections, assumptions or other future performance suggested herein.

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