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Published on 11/7/2006 in the Prospect News PIPE Daily.

New Issue: Houston Lake Mining to raise C$1 million from stock sale

By Laura Lutz

Des Moines, Nov. 7 - Houston Lake Mining Inc. announced a private placement for up to C$1 million.

The company is offering up to 1,333,333 flow-through shares at C$0.75 each.

Proceeds of the non-brokered deal will be used for exploration and drilling on the company's gold properties near Sioux Narrows, Ont.

Houston Lake is a gold mining company based in Sudbury, Ont.

Issuer:Houston Lake Mining Inc.
Issue:Flow-through shares
Amount:C$1 million
Shares:1,333,333
Price:C$0.75
Warrants:No
Agent:Non-brokered
Announcement date:Nov. 7
Stock symbol:TSX Venture: HML
Stock price:C$0.64 at close Nov. 6

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