Houston Lake Mining Appoints Corporate Advisory Firm for Proactive Investor Relations Outreach
Posted on: Tuesday, 12 February 2008, 18:00 CST
Houston Lake Mining Inc. (TSX-V: HLM), an advanced exploration company seeking gold, platinum group metal and rare metal deposits in Ontario, is pleased to announce the engagement of Linx Partners Ltd. to fulfil a proactive outreach function. The company also summarized results of the recent annual general meeting of shareholders.
Corporate Advisory Appointment
Houston Lake has retained Linx Partners Ltd. of Toronto to perform corporate advisory services for a minimum of six months, commencing February 15. The agreement calls for Linx to proactively introduce Houston Lake to news media and liaise on its behalf. Linx will also field telephone calls from investors, proactively communicate with the financial community and generally increase public awareness of the Company.
Linx will be paid a retainer of $5,000 per month and will be reimbursed for expenses. In addition, 250,000 share options have been granted to Linx, exercisable at a price of 40 cents per share, for a five-year period. The corporate advisory agreement is subject to regulatory approval. At present, Linx has no interest, directly or indirectly in Houston Lake or its securities.
"With the addition of Linx, we are seeking to expand our communications with the investing public at a very exciting time for the Company," said E. Grayme Anthony, President and CEO. "We have just initiated a major drill campaign at West Cedartree with the aim of proving up our second and third gold resource toward the justification of an onsite mill."
Annual General Meeting
Houston Lake held its AGM on February 5, 2008 at the company's head office in Sudbury, Ontario. A total of 29.9% of outstanding shares were voted at the meeting.
The meeting saw the Board of Directors re-elected, with 7,840,832 votes in favour, none opposed and 340,679 abstaining. The Board includes Chairman Reginald F. Walker; John G. Kelly, P. Eng; Robert J. McLean, C.H.R.P.; and E. Grayme Anthony, P. Geo. The meeting also ratified Sievert, Sawrantschuk & Associates, LLP as auditors.
"Our strategic decision to focus on the West Cedartree gold project was rewarded in 2007 by an outstanding year of achievement for Houston Lake Mining," E. Grayme Anthony, President and CEO, told the meeting. "With our strategic land position now assembled, exploration infrastructure completed and funding in place, we can look ahead to a dynamic 2008. Houston Lake is well positioned to build on the success of the past year toward our goal of gold production at West Cedartree."
About Houston Lake Mining Inc.
Houston Lake is an advanced, vertically integrated resource exploration company. The Company is actively exploring for gold, platinum group metal and rare metal deposits in northwestern Ontario with a strategic focus on the West Cedartree gold project. Houston Lake's objective in the short term is to become a gold producer by surface mining its West Cedartree gold project and developing its 100% owned and optioned properties. The Company has a total of 27,364,746 common shares issued and outstanding. For additional information, please visit us at www.houstonlakemining.com.
Forward-looking Statements
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. This release includes certain statements that may be deemed "forward-looking statements." All statements in this release, other than statements of historical facts, that address future production, reserve potential, exploration drilling, exploitation activities and events or developments that the Company expects are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and those actual results or developments may differ materially from those projected in the forward-looking statements. For more information on the Company, Investors should review the Company's registered filings what are available at www.sedar.com.
Houston Lake Mining Inc. 2892 White Street, Val Caron, Ontario Canada, P3N 1B2 www.houstonlakemining.com
Distributed by Filing Services Canada and retransmitted by Marketwire
Company Contacts Houston Lake Mining Inc. E. Grayme Anthony P. Geo., MBA President and CEO Tel: 705-897-7622 Fax: 705-897-7618 Email Contact Barnes McInerney Inc. Colin Languedoc Senior Account Executive Tel: 416-367-5000 ext. 225 Fax: 416-367-5390 Email Contact
SOURCE: Houston Lake Mining Inc.
Source: MARKET WIRE
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