Houston Lake Mining Inc. - Board Appointment, Financing and Exploration Extensions.CALGARY, Alberta--(BUSINESS WIRE)--July 9, 1998--Houston Lake Mining(Alberta Stock Exchange Alberta Stock Exchange See Canadian Venture Exchange (CDNX). :HLM HLM Habitation à Loyer Modéré (France) HLM Houston Lake Mining, Inc (Val Caron, ON, Canada) HLM Heart-Lung Machine HLM Hierarchical Linear Modelling HLM Holland, Michigan .) Houston Lake Mining Inc. ("Houston Lake", HLM-ASE) is pleased to announce that Gordon Slade, P. Eng P. ENG Professional Engineer P. ENG process engineer . has been appointed to the Board of Directors. Mr. Slade has 33 years of senior management and engineering experience with Falconbridge Ltd. and has served as President of the Canadian Nickel Division and Chairman of the Board of Corporation Falconbridge Copper. The Board of Directors now brings over one hundred and ten years of mining and exploration expertise to Houston Lake. Houston Lake has received approval from The Alberta Stock Exchange to extend its Private Placement Offering (see Press Release dated April 23, 1998) for an additional 45 days to August 14, 1998. The Offering Memorandum Offering Memorandum A legal document stating the objectives, risks, and terms of investment involved with a private placement. Notes: The private placement of hedge funds necessitates the issue of memorandums. is dated June 1, 1998 and utilizes the $150,000 minimum investment exemption rule under the Ontario Securities Act. P. Houston Lake and Canadian Arrow The Canadian Arrow is a privately funded rocket and space travel project founded by London, Ontario, Canada entrepreneurs Geoff Sheerin, Dan McKibbon and Chris Corke. The project's objective is to take the first civilians into outer space, on a vertical sub-orbital spaceflight Mines Limited ("Canadian Arrow", CAML-CDN) of Timmins, Ontario This article is about city in Ontario, Canada. For other uses, see Timmins (disambiguation). Timmins, with a population of 42,997 (2006), is a city in northeastern Ontario, Canada on the Mattagami River. At 2,961. have renegotiated option terms on the Dogpaw Lake Gold Property which is located in the Kenora area of Ontario. Under the amended agreement Houston Lake is required to expend ex·pend tr.v. ex·pend·ed, ex·pend·ing, ex·pends 1. To lay out; spend: expending tax revenues on government operations. See Synonyms at spend. 2. $250,000 in Phase 2 by the new anniversary date of September 16, 1998 and defers an additional $250,000 of Phase 2 expenditures to Phase 3. Houston Lake will be required to expend a total of $1,000,000 in Phase 3. Approximately $62,500 has been spent thus far in Phase 2 exploration on the Dogpaw Lake Gold Property. Phase 2 exploration is expected to resume upon closure of Houston Lake's Private Placement Offering. P. The common shares of Houston Lake Mining Inc. trade through the facilities of the Alberta Stock Exchange under the stock symbol HLM and Canadian Arrow Mines Limited under the stock symbol CAML through the facilities of the Canadian Dealers Network. Houston Lake has 9,946,600 common shares issued and outstanding. Note to Editors: The Alberta Stock Exchange has neither approved or disapproved of the information contained herein.
CONTACT: Houston Lake Mining Inc.
E. Grayme Anthony, 705/897-7622
705/897-7618 (FAX)
e-mail: houston@vianet.on.ca
or
Blackwell Investor Relations, 416/869-0632
or 416/364-3123
416/364-5400 (FAX)
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