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Happy Creek Minerals Ltd.(TSXV:HPY) announced the acquisition of additional mineral claims. The new claims will expand the Company’s West Valley and Rateria properties. The Company also announced the acquisition of an option to earn a 100% interest in the Abbot property. Happy Creek plans to carry out an airborne and geophysical survey at its West Valley and Abbot properties in the coming weeks.
As quoted in the press release:
To earn a 100% interest in the Abbot property, the Company must pay to an arm’s length vendor a total of $15,000 in cash and issue 350,000 shares by May 30th 2013. The vendor retains a 0.5% Net Smelter Return (NSR), with the Company having the right to purchase the NSR for $1,000,000.
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