Happy Creek settles C$1.19 million oversubscribed placement of stock

Non-brokered deal sold 7,050,158 shares at C$0.16, C$0.22 apiece

By Devika Patel

Knoxville, Tenn., Aug. 25 – Happy Creek Minerals Ltd. said it completed a C$1.19 million non-brokered private placement of stock. The oversubscribed deal priced for C$1 million on July 13.

The company sold 5,991,250 common shares at C$0.16 apiece and 1,058,908 flow-through common shares at C$0.22 apiece. The prices per share are an 11.11% discount and 22.22% premium to C$0.18, the July 12 closing share price.

Proceeds will be used for exploration.

Happy Creek is a metals mining company based in Vancouver, B.C.

Issuer:	Happy Creek Minerals Ltd.
Issue:	Common shares, flow-through common shares
Amount:	C$1,191,560
Warrants:	No
Agent:	Non-brokered
Pricing date:	July 13
Settlement date:	Aug. 25
Stock symbol:	TSX Venture: HPY
Stock price:	C$0.18 at close July 12
Market capitalization:	C$11.54 million
Common stock
Amount:	C$958,600
Shares:	5,991,250
Price:	C$0.16
Flow-through stock
Amount:	C$232,960
Shares:	1,058,908
Price:	C$0.22

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