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    Happy Creek Completes Second Tranche of Non-Brokered Private Placement

    Investing News Network
    Nov. 24, 2011 08:48AM PST
    Company News
    TSXV:HPY

    Happy Creek Minerals Ltd. (TSXV:HPY) announced that it has completed the final tranche of its previously announced non-brokered private placement.

    Happy Creek Minerals Ltd. (TSXV:HPY) announced that it has completed the final tranche of its previously announced non-brokered private placement.

    As quoted in the press release:

    The Company issued 643,334 flow-through units (“FT Units”) at a subscription price of $0.30 per FT Unit for gross proceeds of $193,000. 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). Each whole FT Warrant is exercisable into a common share of the Issuer at a price of $0.40 per common share for a period of 18 months from the closing date of the offering. All of the securities are subject to a hold period expiring on March 24, 2012.

    Click here to read the Happy Creek Minerals Ltd. (TSXV:HPY) press release
    Click here to see the Happy Creek Minerals Ltd. (TSXV:HPY) profile.

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