InvestorsHub Logo

doinit

07/25/10 9:57 PM

#60 RE: doinit #59

HPY,news from july 17th,am liking this a lot

July  17,  2010 –  Vancouver,  British Columbia  –  Happy Creek Minerals Ltd. (TSX­V: HPY,  or the 
“Company”)  is  pleased  to  announce  that  it  has negotiated  a non­brokered  private  placement  of  up 
to $750,000  through  the  sale  of up  to  2,307,692  flow­through  units  at   a  price  of   $0.325  per   unit   to 
the   MineralFields   Group.     Each   flow­through   unit   will   consist   of   one   flow­through   common   share 
and   one   share   purchase   warrant.     Each   warrant   will   entitle  the  holder   to  purchase   one   additional 
non­flow­through   common   share   of   the   Company   for   a   period   of   24   months   from   closing   at   an 
exercise price of $0.45 in the first 12 months and $0.50 thereafter.  A cash finder’s fee equal to 7% 
of the gross proceeds raised in the private placement will be payable to First Canadian Securities.
“We   are   very   pleased   to   continue   our   relationship   with   MineralFields   Group”,   said   David   Blann,  
President   and   CEO.   “This   financing   is   the   second   with   MineralFields   Group   as   we   continue   to 
develop and advance our projects in the Highland Valley and Cariboo regions of B.C., respectively. 
Proceeds will  be used to continue geology and drilling on our Highland Valley area properties, and 
geology,   geochemical   surveys,   trenching   and   drilling   on  our   Cariboo   properties  located  northeast  
of 100 Mile House, B.C.”. 
Upon final acceptance of the completed financing by the TSX Venture Exchange, the Company will  
have approximately $2.3 million in working capital. 
The Company also wishes to announce it has completed its earn­in for a 100% interest on the Gus 
property   that   adjoins   the   Company’s   Silverboss   property   and   Xstrata’s   Boss   Mountain 
molybdenum  mine  property,   northeast   of   100  Mile  House,   B.C.   The  Company  now  owns  a  100% 
interest   in   over   152   square   kilometres   of   mineral   tenures   surrounding   the   former   Boss   Mountain 
mine, a significant past­producer, and located approximately 25 kilometres southeast of Fjordland’s 
Woodjam­Southeast copper­molybdenum­gold discovery. In addition, the Company has completed 
its earn­in for a 100% interest into the Grey property that adjoins the Company’s Hawk copper­gold 
property   located   northeast   of   100   Mile   House,   B.C.   The   Hawk   property   is   currently   under   a   JV 
agreement   with   Jiulian   Resources   Inc.,   and   has   returned   high   copper   and   gold   values   in   surface 
rock samples and historical drill core.
About MineralFields, Pathway and First Canadian Securities ®