August 24, 2015

Happy Creek announces $1.1 million financing with Resource Capital Funds

August 24, 2015 – Vancouver, British Columbia. Happy Creek Minerals Ltd. (TSXV: HPY) (the “Company) is pleased to announce that it has arranged for a private placement financing with Resource Capital Funds V1 LP (RCF) of Denver, Colorado.

The Company intends to complete a non-brokered, non-flow-through, private placement of CDN $1,100,000 through the sale of 10 million Units at a price of eleven cents per Unit. Each Unit will consist of one common share and one half of one share purchase Warrant. Each whole Warrant will entitle the holder to purchase one common share of the Company for a period of three years after closing at an exercise price of fifteen cents.

The private placement is subject to TSX Venture Exchange acceptance. The shares underlying the units and any shares acquired on exercise of the warrants will be subject to resale restrictions. RCF VI will become an insider of the Company and no brokerage or finder fees are payable on this transaction.

Proceeds of the financing will be used to further explore the Company’s Fox tungsten project, in B.C., Canada and for general working capital.

David Blann, P.Eng., President and C.E.O. of Happy Creek states: “The Company is very pleased to have RCF take a significant interest in the Company. It is an experienced, technically strong and financially capable international institution. We look forward to further advancing our 100% owned Fox tungsten project.”

About Resource Capital Funds

Resource Capital Funds is a private equity firm established in 1998 with a mining sector-specific investment mandate, spanning all hard mineral commodities and geographic regions. Since inception, RCF has supported 137 mining companies, with projects located in 44 countries and across 29 commodities. RCF is currently investing its sixth fund with committed capital of $2.04-billion. Further information about RCF can be found on its website.

On behalf of the Board of Directors,

“David E Blann”
David E Blann, P.Eng.
President, CEO

David Blann, President, CEO
Corporate Office:
Phone: 604.662.8310


Corporate Communications:
Ron Birch: Phone: 250-545-0383
Toll Free: 1-800-910-7711

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

David Blann, P.Eng. is a Qualified Person as defined by National Instrument 43-101 and is responsible for the preparation and approval of the technical information disclosed in the news release.

This press release contains “forward-looking information” within the meaning of applicable securities laws, including statements that address capital costs, recovery, grade, and timing of work or plans at the Company’s mineral projects. Forward-looking information may be, but not always, identified by the use of words such as “seek”, “anticipate”, “plan”, “planned”, “continue”, “expect”, “thought to”, “project”, “predict”, “potential”, “targeting”, “intends”, “believe”, “opportunity”, “further” and others, or which describes a goal or action, event or result such as “may”, “should”, “could”, “would”, “might” or “will” be undertaken, occur or achieved. Statements also include those that address future mineral production, reserve potential, potential size or scale of a mineralized zone, potential expansion of mineralization, potential type(s) of mining, potential grades as well as to Happy creek’s ability to fund ongoing expenditure, or assumptions about future metal or mineral prices, currency exchange rates, metallurgical recoveries and grades, favourable operating conditions, access, political stability, obtaining or renewal of existing or required mineral titles, licenses and permits, labour stability, market conditions, availability of equipment, accuracy of any mineral resources, anticipated costs and expenditures. Assumptions may be based on factors and events that are not within the control of Happy creek and there is no assurance they will prove to be correct. Such forward-looking information involves known and unknown risks, which may cause the actual results to materially differ, and/or any future results expressed or implied by such forward-looking information. Additional information on risks and uncertainties can be found within Financial Statements, Prospectus and other materials found on the Company’s SEDAR profile at Although Happy creek has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there can be no assurance that such information will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Happy creek withholds any obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, unless required by law.

You can view the Next News item:September 4th, 2015, Happy Creek closes $1.1 million financing

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