Vancouver, British Columbia--(Newsfile Corp. - May 8, 2015) - Happy Creek Minerals (TSXV: HPY) announced a non-brokered private placement. The offering of up to 1 million units is priced at $0.15 per unit for gross proceeds of up to $150,000, with each unit consisting of 1 common share and one half of a warrant with each full warrant exercisable a $0.20 for 3 years.
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The company has seven, 100% owned mineral properties in British Columbia, Canada. Two new discoveries are the Fox tungsten and Rateria/Highland Valley copper properties are both now at an advanced stage of exploration.
The Fox property is located in close proximity to existing mines and infrastructure with hydropower 17 kilometres away natural gas within 50 kilometres.
David Blann, President & CEO stated: "The 100% owned Fox property is a new, large scale tungsten find with underground grades in an open pit setting. It is a rare exploration discovery with simply top-tier results."
Tungsten is a critical metal for industrial countries, with $1 billion of tungsten consumed in the US in 2012 according to the USGS. Its main use is tungsten carbide for tools and blades, but it is also in alloys for high temperature/strength capabilities, and industrial lighting/heating elements.
The Rateria Property has 2 new copper zones 6.5 kilometres from a producing open pit at Teck's Highland Valley Copper mine, Canada's largest copper producer;
The shares are currently bid at $0.125, and with 61.1 million shares outstanding, the company is capitalized at $7.6 million.
For more information on the company, please visit their website www.happycreekminerals.com or contact David Blann, President & CEO at 604-662-8310 or email info@happycreekminerals.com.
Investor relations is handled by Ron Birch, who can be reached at 250-545-0383 or email bircress@shaw.ca.
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