Press release from TheNewswire.ca
Happy Creek Increases Non-Brokered Private Placement
Friday, November 04, 2011
Happy Creek Increases Non-Brokered Private Placement11:30 EDT Friday, November 04, 2011(via Thenewswire.ca) November 4, 2011 - Vancouver, British Columbia - Happy Creek Minerals Ltd. (TSXV: HPY) (the "Company") is pleased to announce that it has increased the size of its non-brokered private placement announced on October 25, 2011. The Company will raise up to an additional $890,100 in flow through funds through the sale of an additional 2,967,000 flow through units ("FT Units") and up to an additional $200,000 through the sale of an additional 800,000 non-flow through units ("NFT Units"). In aggregate, the Company will raise up to $3,690,100 through the sale of up to 9,967,000 FT Units at a price of $0.30 per FT Unit and up to 2,800,000 NFT Units at a price of $0.25 per NFT 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 an "FT Warrant"). Each FT 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 $0.40. Each NFT Unit will consist of one common share and one half of one common share purchase warrant (each whole warrant an "NFT Warrant"). Each NFT Warrant will entitle the holder to purchase one additional common share of the Company for a period of 18 months after closing at an exercise price of $0.35. A Finder's fee in connection with this offering will be paid to PowerOne Capital Markets Limited and other eligible finders in accordance with TSX Venture Exchange policies. The private placement is subject to TSX Venture Exchange acceptance. The shares underlying the FT Units and the NFT Units and any shares acquired on exercise of the FT Warrants and NFT Warrants will be subject to resale restrictions. The proceeds from the flow through and non-flow through private placement will be used to continue exploration on its Highland Valley copper property, Fox tungsten property and other projects and for general working capital. 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 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) 2011 Thenewswire.ca - All rights reserved.