Post by
scissors14 on Nov 22, 2010 11:48am
Hy Lake Gold Closes Non-Brokered Private Placement
Toronto, Ontario CANADA, November 22, 2010 /FSC/ - Hy Lake Gold Inc. (HYL - CNSX, HYK - FWB), is pleased to announce the closing, on November 19, 2010, of a non-brokered private placement of 2,000,000 Units of the Company at
.30 per Unit for gross proceeds of $600,000.00.
Each Unit consists of one common share and one common share purchase warrant, each warrant entitling the holder to purchase one additional common share of Hy Lake Gold at a price of
.50 for a period of 24 months from the date of closing. If, after the date that is twelve months following the closing date, the common shares of Hy Lake Gold close at $1.00 or more for 20 consecutive trading days, then the warrant term shall be automatically reduced to 30 days from the date that the Company provides the holders of warrants with written notice of the new expiry date (the "Acceleration Right").
Proceeds of the financing will be used for general working capital purposes and to assist the Company in qualifying the common shares of Hy Lake Gold for listing on the TSX Venture Exchange.
About Hy Lake Gold Inc.
Hy Lake Gold is a well financed, Toronto-based mineral exploration company focused on the gold exploration and development business in the prolific Red Lake Mining District of Northwestern Ontario, Canada. Hy Lake Gold has assembled several significant property packages totalling approximately 3,300 hectares in west Red Lake. The properties cover a 12 kilometre distance along the west Red Lake Trend, containing 3 former producing gold mines, and the Company continues to explore these properties both along strike and at depth. To find out more about Hy Lake Gold Inc. (CNSX: HYL; FRANKFURT: HYK) visit our website at www.hylake.com.
Shares Issued: 36,316,195 after taking into account the completion of this financing.
On behalf of the board:
Mr. Robert B. Seitz, President & CEO
office@hylake.com
Comment by
HYLAKEFAN on Dec 06, 2010 1:06pm
Nice Vol today and RUN as well !!!Time to break 50 cent !!
Comment by
HYLAKEFAN on Dec 23, 2010 4:02pm
https://www.sedar.com/DisplayCompanyDocuments.do?lang=EN&issuerNo=00011449
Have a look at the last dokuments !
Comment by
HYLAKEFAN on Jan 04, 2011 12:41pm
NEW YEAR = NEW EXCHANGE coming soon :)
Comment by
HYLAKEFAN on Jan 18, 2011 12:57am
Yes, you are right...we will get a lot of new investors very,very soon !
Comment by
HYLAKEFAN on Jan 21, 2011 9:43am
I think, that everything is going well and it is 10000% sure, that we will hear some very good news very soon! It is a good time to buy some more shares!
Comment by
scissors14 on Jan 27, 2011 11:48am
Hy Lake will get much better analyst coverage and shareholder awareness as soon as it is listed on the TSX. The process is slower than we like but I am also confident that patience will be rewarded.
Comment by
HYLAKEFAN on Jan 28, 2011 2:26am
This small drill programm is just for the TSX listing...we will see more drilling news soon...but the next news should be the TSX Listing (as a Tier 1) !?
Comment by
HYLAKEFAN on Jan 28, 2011 9:52am
and then, we will see the next run...or the next news...maybe today is the last day before we see the next run!