By Sheri Kasprzak
New York, Aug. 1 - Capella Resources Ltd. wrapped a private placement for C$3,980,325.
The company sold 5,378,818 units at C$0.74 each.
The units are comprised of one share and one half-share warrant. The whole warrants are exercisable at C$0.93 each through July 28, 2007.
Proceeds will be used for exploration on the company's mineral properties. The rest will be used for working capital.
Capella Resources, based in Vancouver, B.C., is a gold and silver exploration company.
Issuer: | Capella Resources Ltd.
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Issue: | Units of one share and one half-share warrant
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Amount: | C$3,980,325
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Units: | 5,378,818
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Price: | C$0.74
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Warrants: | One half-share warrant per unit
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Warrant expiration: | July 28, 2007
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Warrant strike price: | C$0.93
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Settlement date: | Aug. 1
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Stock symbol: | TSX Venture: CPS
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Stock price: | C$0.76 at close Aug. 1
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