Resource Capital Fund VI L.P. Acquires Shares of Happy Creek Minerals Ltd.

DENVER, Sept. 4, 2015 /CNW/ - Resource Capital Fund VI L.P. ("RCF") reports that it has purchased 10,000,000 common shares (the "Subject Shares") in the capital of Happy Creek Minerals Ltd. ("Happy Creek") and 5,000,000 Warrants (as defined below) in connection with a non-brokered private placement by Happy Creek (the "Private Placement") of 10,000,000 units of Happy Creek (each, a "Unit"). Each Unit consisted of one Happy Creek common share and one-half of one Happy Creek common share purchase warrant (each, a "Warrant") exercisable for three years at a price of C$0.15.

The Subject Shares were acquired at a price of C$0.11 per Unit, for aggregate gross proceeds paid to Happy Creek of $1,100,000.00.

Following the completion of the Private Placement, RCF beneficially owns, directly or indirectly, 10,000,000 Happy Creek common shares, representing approximately 13.85% of Happy Creek's common shares. Immediately prior to the completion of the Private Placement, RCF did not own, directly or indirectly, any Happy Creek common shares. RCF acquired the Subject Shares for investment purposes. RCF may from time to time acquire additional securities, dispose of some or all of the existing or additional securities or may continue to hold the securities of Happy Creek.

RCF's ownership figures in this press release of Happy Creek common shares are presented on a non-diluted basis and prior to giving effect to any exercise of the Warrants held by RCF or other subscribers.  

For further information and to obtain a copy of the early warning report filed under applicable Canadian securities laws in connection with the transactions hereunder, please see Happy Creek's profile on the SEDAR website www.sedar.com.

SOURCE Resource Capital Fund VI L.P.

For further information and to obtain a copy of the early warning report, please contact: Resource Capital Fund VI L.P., 1400 Sixteenth Street, Suite 200, Denver, CO, 80202, Telephone: [phone], Attn: Molly Campbell