(via Thenewswire.ca)
December 20, 2012 - Vancouver, British Columbia - Happy Creek Minerals Ltd. (TSXV: HPY) (the "Company") announces that it has negotiated a non-brokered private placement of up to $500,000 through the sale of up to 2,000,000 flow-through units ("FT Units") at a price of $0.25 per FT Unit. Each FT Unit will consist of one flow-through common share and one half of one non-flow through share purchase warrant (each whole warrant a "Warrant"). Each Warrant will entitle the holder to purchase one additional non flow-through common share of the Company for a period of 18 months after closing at an exercise price of $0.35.
Finder's fees will be payable in connection with the private placement in accordance with TSX Venture Exchange policies.
The private placement is subject to TSX Venture Exchange acceptance. The shares underlying the FT Units and any shares acquired on exercise of the Warrants will be subject to resale restrictions.
The proceeds from the flow-through private placement will be used to continue exploration on the Company's Highland Valley copper, Fox tungsten and other projects.
FOR FURTHER INFORMATION PLEASE CONTACT:
David E. Blann, P.Eng.
President and CEO
Happy Creek Minerals Ltd.
Tel: 604-662-8310
Corporate Office:
Phone: 604.662.8310
Email: Info@happycreekminerals.com
Website: www.happycreekminerals.com
Registered Investor Relations:
James Berard
Phone: 604-687-2768
Toll free: 1-877-459-5507
Neither 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.
-
Copyright (c) 2012 Thenewswire.ca - All rights reserved.