Happy Creek Completes Private Placement Financing15-06
May 25, 2015 - Vancouver, British Columbia - Happy Creek Minerals Ltd. (TSX-V:HPY, the “Company”) announces it has completed a non-brokered financing.
The Company has completed a non-brokered private placement with gross proceeds of $163,500 through the sale of 1,090,000 Units at a price of fifteen cents per Unit. Each Unit consists 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 twenty cents.
No finders’ fees are payable in connection with the private placement. The shares underlying the Units and any shares acquired on exercise of the Warrants will be subject to resale restrictions until September 23, 2015.
The proceeds from the private placement will be used by the Company for general working capital and exploration of primarily its Fox tungsten and Highland Valley copper projects.
On behalf of the Board of Directors,
“David E Blann”
David E Blann, P.Eng.
FOR FURTHER INFORMATION PLEASE CONTACT:
David Blann, President, CEO
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.
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