Key Developments: Houston Lake Mining Inc (HLM.V)

HLM.V on TSX Venture Exchange

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11 Jul 2014
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Latest Key Developments (Source: Significant Developments)

Houston Lake Mining Inc Raises $432,000 In Oversubscribed Offering-Canada Stockwatch News
Thursday, 28 Mar 2013 09:29pm EDT 

Canada Stockwatch News reported that on March 13, 2013, Houston Lake Mining Inc. proposed a non-brokered private placement offering of 2.5 million units of the Company priced at six cents per unit, for total gross proceeds of $150,000. The private placement financing has been oversubscribed by $283,000 by selling 7.2 million units at the price of six cents per unit. Each unit consists of one common share of the Company and one share purchase warrant (each full warrant shall entitle the holder thereof to purchase one additional common share of Houston Lake at an exercise price of 10 cents for a 24-month period from closing). All of the shares and warrants issued pursuant to the private placement are subject to a four-month hold period. Proceeds from the financing will be used to advance Houston Lake's 100-per-cent-owned and -optioned Pakeagama rare metal project located in Northwestern Ontario and for general working capital purposes.  Full Article

Houston Lake Mining Inc Announces $150,000 Financing
Wednesday, 13 Mar 2013 04:30pm EDT 

Houston Lake Mining Inc announced that it is proposing a non-brokered private placement offering of up to a maximum of 2,500,000 common shares of the Company. The Common Shares are to be issued under a unit offering whereby up to a maximum of 2,500,000 units (Units) at a subscription price of $0.06 per Unit are to be offered. Each Unit shall consist of one (1) Common Share of the Company and one (1) share purchase warrant (the Warrant) (each full Warrant shall entitle the holder thereof to purchase one (1) additional common share of HLM at an exercise price of $0.10 for a 24 month period from closing (the Offering). All of the Shares and Warrants issued pursuant to the private placement are subject to a 4-month hold period. Completion of the private placement is subject to the final approval of the TSX Venture Exchange. Proceeds from the financing will be used to advance Houston Lake's 100% owned and optioned PAK Rare Metals project located in northwestern Ontario, and for general working capital purposes.  Full Article

Houston Lake Mining Inc Enters Definitive Agreement With Coventry Resources Ltd For Sale Of The West Cedartree Gold Project
Tuesday, 15 Jan 2013 11:58am EST 

Houston Lake Mining Inc announced that it has signed a definitive agreement to sell with selling 100% interest in its 1,675 hectare West Cedartree Gold Project to Coventry Resources Ltd ("Coventry") who owns the Cameron Gold deposit, located 12km away, as well as their Rainy River Project located 80km away. Under terms of the agreement, HLM will receive total consideration currently valued at approximately $1.22 million .  Full Article

Houston Lake Mining Inc Closes $225,000 Private Placements-Canada Stockwatch News
Tuesday, 8 Jan 2013 04:25pm EST 

Canada Stockwatch News reported that Houston Lake Mining Inc. has closed two non-brokered private placement offerings of 4.5 million flow-through units of the Company priced at five cents per FT unit for total gross proceeds of $225,000. Each unit of the $200,000 flow-through financing consists of one common share of the Company and three-quarters of one share purchase warrant. Each full warrant shall entitle the holder thereof to purchase one additional common share of HLM at an exercise price of 10 cents for a 24-month period from closing. In connection with the $200,000 offering, the Company issued a finder's fee of $10,000 and 200,000 finder options to Accilent Capital Management Inc. of Toronto, Ont. Each finder option will be exercisable at a price of 10 cents into three-quarters of one common share for a period of two years from the date of issuance. Each full warrant shall entitle the holder thereof to purchase one additional common share of HLM at an exercise price of 10 cents for a 24-month period from closing. In connection with the $25,000 offering, the company issued a finder's fee of $2,000 and 40,000 finder options to Fidelity Clearing Canada ULC ITF Euro Pacific Canada Inc. of Toronto, Ont. Proceeds from the financing will be used to advance Houston Lake's 100% owned and optioned Pakeagama rare-metal project located in Northwestern Ontario.  Full Article

Houston Lake Mining Inc Announces Closing Of Oversubscribed Financing With Second Tranche Of $100,000 From Flow-Through Financing
Tuesday, 21 Aug 2012 11:42am EDT 

Houston Lake Mining Inc announced that the closing of a non-brokered private placement offering of 2,000,000 units (Units) of the Company priced at $0.05 per Unit, for total gross proceeds of $100,000. The private placement financing announced July 17, 2012 was oversubscribed by $100,000 with the closing of this second tranche. Each Unit consists of one Common Share of the Company (to be issued on a flow-through basis pursuant to the Income Tax Act (Canada) (a Flow-Through Share) and one share purchase warrant (the Warrant) (each full Warrant shall entitle the holder thereof to purchase one additional common share of HLM at an exercise price of $0.12 for a 24 month period from closing (the Offering). All of the Flow-Through Shares and Warrants issued pursuant to the private placement are subject to a 4-month hold period. Proceeds from the financing will be used to advance Houston Lake`s 100% owned and optioned Pakeagama Rare Metal project located in northwestern Ontario. No finder`s fees or options were necessary for the offering.  Full Article

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