Happy Creek Minerals Ltd. (TSX-V:HPY, OTC:HPYCF) announced the closing of its previously disclosed non-brokered private placement.
The placement, which was initially announced on October 16, 2023, involved the issuance of 5,034,545 non-flow-through common shares priced at $0.055 each, raising gross proceeds of $276,900.
As part of the transaction, Pollitt & Co received a cash finder’s fee of $5,989.50 and 108,900 non-transferable finder’s warrants.
Each warrant allows the holder to purchase one common share of the company at an exercise price of $0.12 until November 30, 2025.
In connection with the private placement, shares were issued to directors and senior officers of Happy Creek Minerals.
The funds raised will be directed toward general working capital, as well as engineering, development, and advanced permitting activities.