02:34:12 EDT Fri 19 Apr 2024
Enter Symbol
or Name
USA
CA



Houston Lake Mining Inc
Symbol HLM
Shares Issued 122,043,940
Close 2016-06-08 C$ 0.28
Market Cap C$ 34,172,303
Recent Sedar Documents

Houston Lake receives $196,000 from option exercise

2016-06-09 10:27 ET - News Release

Mr. Trevor Walker reports

HLM ISSUES COMMON SHARES ON EXERCISE OF STOCK OPTIONS FOR PROCEEDS OF $196,000 RESULTING IN MANAGEMENT'S OWNERSHIP EXCEEDING 30% OF THE COMPANY

All of the 1.4 million stock options Houston Lake Mining Inc. previously granted in 2011 at 14 cents per common share have been exercised for aggregate proceeds of $196,000. As a result of the exercise, the directors and officers (including related parties) of the company now represent over 30-per-cent ownership.

"I am pleased to announce the exercise of the options as it shows the confidence of management. The 30-per-cent ownership underscores the complete alignment of HLM's management and directors with its shareholders as the company works towards the completion of a prefeasibility study in 2016," commented Trevor R. Walker, president of HLM.

We seek Safe Harbor.

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