Vancouver, British Columbia / ACCESSWIRE / May 22, 2014 / 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 $500,400 through the sale of 3,336,000 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 one year after closing at an exercise price of twenty cents.
A finders' fee of $5,250 was payable in connection with certain subscriptions under the private placement, in accordance with TSX Venture Exchange policies.
The shares underlying the Units and any shares acquired on exercise of the Warrants will be subject to resale restrictions until September 22, 2014.
The proceeds from the private placement will be used by the Company to continue preparations for the exploration and drilling of primarily its Fox tungsten and Highland Valley copper projects, and for general working capital.
On behalf of the Board of Directors,
"David E Blann"
David E Blann, P.Eng.
FOR FURTHER INFORMATION PLEASE CONTACT:
David Blann, President, CEO
Phone: 604.662.8310 Email: [email protected]
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.