Happy Creek Minerals Ltd. (TSXV:HPY) announced that it has completed the first tranche of its previously announced non-brokered private placement.
As quoted in the press release:
The Company issued a total of 6,816,999 flow-through units (“FT Units”) of the Company at a subscription price of $0.30 per unit and 2,660,000 non-flow-through units (“NFT Units”) of the Company at a subscription price of $0.25 per unit, for total gross proceeds of $2,710,100. Each FT Unit consists of one flow-through common share of the Company and one-half of one share purchase warrant (“FT Warrant”). Each flow-through common share qualifies as a “flow-through share” for the purposes of the Income Tax Act (Canada).