Happy Creek Minerals Completes Private Placement Financing

Happy Creek Minerals (CVE:HPY) announced that it has completed a non-brokered private placement for gross proceeds of $163,500 through the sale of 1,090,000 units at a price of $0.15 per unit.

As quoted in the press release:

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 three years after closing at an exercise price of twenty cents.

No finders’ fees are payable in connection with the private placement. The shares underlying the Units and any shares acquired on exercise of the Warrants will be subject to resale restrictions until September 23, 2015.

The proceeds from the private placement will be used by the Company for general working capital and exploration of primarily its Fox tungsten and Highland Valley copper projects.

Click here to read the full Happy Creek Minerals (CVE:HPY) press release.