H appy Creek Minerals Ltd. (TSXV: HPY) (the “Company”) wishes to announce that it has received approval to conduct a normal course issuer bid (the “Bid”) through the facilities of the TSX Venture Exchange to purchase
Happy Creek
announces a Normal Course Issuer Bid
May 7
, 201
8
–
Vancouver, British Columbia
-
H
appy Creek Minerals Ltd. (TSXV: HPY)
(the “Company”)
wishes to
announce
that it has received approval to conduct
a normal
course issuer bid
(the “Bid”)
through the facilities of the
TSX Venture Exchange to purchase
up to
4,615,948
of the
92,318,976
issued and outstanding
c
ommon
s
hares of the Company,
representing
5
% of the
Company’s issued and outstanding common shares
. The price the
Company will pay for any Common Shares acquired under the normal course issuer bid will
be the market price at the time of acquisition.
The Company will not purchase common
s
hares pursuant to the Bid if the total number of shares purchased
in any 30
-
day period
exceeds, in the aggregate, 2% of the total issued and outstanding common shares of the
Company. Shares purchased pursuant to the Bid will be returned to treasury.
Purchases
may commence
today
and will terminate no later than
May 7,
201
9
.
The Bid will be conducted on behalf of the Company by
National Bank Financial
. The
Company is conducting the Bid as it believes that the market price of its common shares is
such that it does not reflect the inherent value of the Company.
The Company
believes the
purchase of its common shares constitute an appropriate use of its general funds in order
to increase shareholder value.
On behalf of the Board of Directors,
“David E Blann”
____________________
David E Blann, P.Eng.
President, CEO
FOR FURTHER INFORMATION PLEASE CONTACT:
David Blann, President, CEO
Corporate Office:
Phone: 604.662.8310
Email:
Website:
www
.happycreekminerals.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in
the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of
this release.