By Devika Patel
Knoxville, Tenn., Dec. 7 - Hy Lake Gold Inc. said it plans a C$1 million private placement of units.
The company will sell 5 million units of one common share and a warrant at C$0.20 per unit to Platoro West Holdings Inc. Each whole warrant is exercisable at C$0.30 for 18 months.
Toronto-based Hy Lake Gold is a junior gold mining and exploration company.
| Issuer: | Hy Lake Gold Inc.
|
| Issue: | Units of one common share and a warrant
|
| Amount: | C$1 million
|
| Units: | 5 million
|
| Price: | C$0.20
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | 18 months
|
| Warrant strike price: | C$0.30
|
| Investor: | Platoro West Holdings Inc.
|
| Pricing date: | Dec. 7
|
| Stock symbol: | Pink Sheets: HYLKF
|
| Stock price: | $0.0925 at close Dec. 7
|
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