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Bullboard - Stock Discussion Forum Hy Lake Gold Inc. C.HYL

CSE:HYL - Post Discussion

Hy Lake Gold Inc. > Hy Lake Gold Closes Non-Brokered Private Placement
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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 01, 2010 12:58pm
Hy Lake Gold Options Additional Property from Rubicon11/29/2010 9:00 AM - FSC Toronto, ON November 29, 2010FSC / Press ReleaseHy Lake Gold Options Additional Property from RubiconToronto, Ontario CANADA, November 29, 2010 /FSC/ - Hy Lake Gold Inc. (HYL - CNSX, HYK - FWB),is pleased to announce that the Company has entered into a Purchase Option Agreement with Rubicon Minerals Corporation of ...more  
Comment by HYLAKEFAN on Dec 03, 2010 12:51pm
Time to buy more shares!
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 14, 2011 3:33am
Hy Lake Gold Closes Flow-Through Private Placement1/11/2011 12:50 PM - FSC Toronto, ON January 11, 2011FSC / Press ReleaseHy Lake Gold Closes Flow-Through Private PlacementToronto, Ontario CANADA, January 11, 2011 /FSC/ - Hy Lake Gold Inc. (HYL - CNSX, HYK - FWB),is pleased to announce the closing, on December 23, 2010 and December 31, 2010, respectively of two tranches of a non-brokered flow ...more  
Comment by mickymouse on Jan 17, 2011 7:21am
Hi,The chart looks very interesting now, just the question when HYL breaks out. I think when the listing is done we will see 75ct as first price or higher. Most people doesn´t even know something about HYL here, but with the Listing on TSX things will change significant for us. Now we are alone here but this will change soon here.I´m 100% in profit with this but i don´t think about ...more  
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 mickymouse on Jan 21, 2011 5:47am
Itz boring here at the moment, but HYL is still at a high level and will move upwarts when the time has come.Some guys are trying to shake out weak inpatient hands. This weeks are not the best for goldplays and generally ressources are beaten down a bid.I hope the management keeps up the good work and continues to feed investors with PRs ant throughs out some News soon. But you know for sure, that ...more  
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 mickymouse on Jan 21, 2011 12:42pm
Verry soon, what ever this will mean here on Hylake board. very soon could be in 2 moths. bud I don´t care i know why I am here. I think first results will be out in feb. then they will move to TSX v and bring out the news there with a PR to make this extremly undervalued goldplay public here! Incredible how unknown this still is.Very ceap to buy at 50ct IMHO I wonder how some guys can sell ...more  
Comment by HYLAKEFAN on Jan 25, 2011 9:02am
1/25/2011 8:00 AM - FSC Toronto, ON January 25, 2011 FSC / Press Release Hy Lake Gold Begins 2011 Drilling at Red Lake Properties Toronto, Ontario CANADA, January 25, 2011 /FSC/ - Hy Lake Gold Inc. (HYL - CNSX, HYK - FWB),is pleased to announce that it has begun its 2011 drilling programs at its west Red Lake properties. The initial program will focus on the 100% owned Mount Jamie Mine ...more  
Comment by mickymouse on Jan 27, 2011 5:32am
This are really good news! Gold also loks like it bottomed out, it will go to new highs now- what else- the FED make goldinvestors dreams become true. I suggest the rebound for hylake is not far away and with good drill results we should trade at a buck in the late spring!Please fasten your seatbelts for the next move! I still wonder why we are alone here... As soon as the public realize this big ...more  
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!
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