Houston Lake Mining Inc. (TSXV:HLM) announced all of the 1.4 million stock options Houston Lake Mining Inc. previously granted in 2011 at 14 cents per common share have been exercised for aggregate proceeds of $196,000. As a result of the exercise, the directors and officers of the company now represent over 30-per-cent ownership.
Houston Lake Mining President, Trevor Walker, stated:
I am pleased to announce the exercise of the options as it shows the confidence of management. The 30-per-cent ownership underscores the complete alignment of HLM’s management and directors with its shareholders as the company works towards the completion of a prefeasibility study in 2016.
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