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Ubika Research issues a research bulletin on recent financing announcement by Hy Lake Gold Inc.
Ubika Research issues a research bulletin on recent financing announcement by Hy Lake Gold Inc.
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[{"type":"text","content":"\nUbika Research issues a research bulletin on recent financing announcement by Hy Lake Gold Inc.\n\n\n Dec. 10, 2009 (Baystreet.ca) -- TORONTO, Canada - Ubika Research has issued a research bulletin to highlight the recent financing announced by Hy Lake Gold Inc. (HYL-CNSX). The company announced that it has closed a non-brokered private placement of 5 million units of the company at $0.20 per unit resulting in gross proceeds of $1 million. The units were placed with Platoro West Holdings Inc. (CNSX- PWH).\nUbika Research views this development very favourably for Hy Lake. We believe that this announcement confirms the potential that Hy Lake Gold’s properties display and believe that this recent financing will help the company to undertake necessary exploration programs in the future. \nUbika Research considers HYLK to be an exciting ‘pure‘ Red Lake gold play. Also, its close working relationship with Goldcorp Inc (GG:TSX), a Red Lake veteran, bodes well for the company. HYLK is rated Speculative Buy by Ubika Research, with a 12-month target of C$ 0.81. \nDownload the free report at http://www.smallcappower.com/microsite/CompanyDetail.aspx?CompanyID=12 \nAbout Hy Lake Gold Inc.\nHy Lake Gold Inc. is a junior gold exploration veteran in Northern Ontario’s Red Lake mining district, whose goal is to find high potential gold properties with a high level of gold mineralization. \nAbout Ubika Research\nUbika Research is an issuer paid equity research firm based in Toronto and Vancouver. It provides investors with objective and independent research on under-researched micro and small cap companies. For more information visit www.ubikaresearch.com \nAbout Smallcappower.com\nwww.smallcappower.com provides a premier platform for small and micro-cap companies to showcase their investment potential and to reach to wide audience of thousands of investors in a thoughtful, comprehensive and engaging manner. \nDisclosure\nExcept for the historical information presented herein, matters discussed in this document contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements.\nUbika Research, a division of Ubika Corporation, is not registered with any...