Houston Lake Mining Inc. (TSXV:HLM) announced a non-brokered private placement of 1,481,482 units at CAD 0.135 per unit for gross proceeds of CAD 200,000.07 on December 19, 2014. Each flow through unit consists of one flow through common stock and one half of one share purchase warrant. Each flow through warrant entitles the holder to purchase one common share at CAD 0.23 per share for a period of 18 months from closing. The securities to be issued are subject to hold period of four month period. The transaction is subject to the final approval of TSX Venture Exchange. The company will pay a finder's fee of a maximum 7% of the gross proceeds of the offering and finder options of a maximum of 7% of the total number of units sold under the offering. Each finder option will be exercisable at an exercise price of CAD 0.23 into one common share and one-half warrant for a period of 18 months from closing.

In December 2014, the company issued 2,334,481 units for CAD 315,154.935.

On January 9, 2015, the company announced that it has amended the terms of the transaction. The company will now issue 2,660,408 units at a price of CAD 0.135 per unit for gross proceeds of CAD 359,155. The company will pay CAD 22,090 and 163,414 finder options. Each finder option will be exercisable at a price of CAD 0.23 into one common share for a period of 18 months from the date of issuance.

In January 2015, Houston Lake Mining Inc. closed the transaction. The company issued additional 325,927 units for CAD 44,000.