Happy Creek Minerals Ltd. announced a non-brokered private placement to issue up to 10,000,000 flow-through common shares of the company at a price of CAD 0.085 per share and 10,000,000 non-flow-through common shares of the company at a price of CAD 0.055 per share for the aggregate gross proceeds of CAD 1.4 million on October 16, 2023. The common shares will be offered by way of prospectus exemptions in Canada and the common shares sold in the transaction will be subject to a hold period of four months. The company will pay a cash finder's fee equal to 6% of the gross proceeds raised and issue common shares in a quantity equal to 6% of the aggregate number of common shares sold to certain finders on all or a portion of the transaction. The transaction is subject to the regulatory approval, including the approval of the TSX Venture Exchange and certain other customary conditions including, but not limited to, execution of subscription agreements between the company and the subscribers. The transaction is expected to close on or around October 27, 2023.

On October 23, 2023, the company announced that it will pay a cash finder?s fee equal to 6% of the gross proceeds raised and issue finder?s warrants to certain finders in a quantity equal to 6% of the aggregate number of common shares sold. Each finder?s warrant will entitle the holder to purchase one common share of the company at a price of CAD 0.12 per common share for a period of two years following the closing of the transaction.