By Laura Lutz
Des Moines, June 29 - Capella Resources Ltd. settled a private placement of flow-through shares and units for C$10,719,060.
The company sold 7.73 million flow-through shares at C$1.10 each and 2,014,600 units at the same price.
Each unit will consist of one non flow-through share and one half-share transferable warrant. Each warrant will be exercisable for one non flow-through share at C$1.40 for 18 months.
Expiry of the warrants may be accelerated to 30 days if, at any time after Oct. 30, the closing price of the company's shares is more than C$2.20 for 20 consecutive trading days.
Dundee Securities Corp. was the agent.
The deal priced on May 29 as an offering of 6.37 million flow-through shares and 2.73 million units.
Proceeds will be used for exploration, acquisitions and working capital.
Capella is a mineral exploration company based in Vancouver, B.C.
| Issuer: | Capella Resources Ltd.
|
| Issue: | Flow-through shares; units of one share and one half-share warrant
|
| Amount: | C$10,719,060
|
| Agent: | Dundee Securities Corp.
|
| Pricing date: | May 29
|
| Settlement date: | June 29
|
| Stock symbol: | TSX Venture: CPS
|
| Stock price: | C$1.27 at close May 28
|
| Stock price: | C$1.09 at close June 29
|
|
|
| Flow-through shares
|
| Shares: | 7.73 million
|
| Price: | C$1.10
|
| Warrants: | No
|
|
|
| Units
|
| Units: | 2,014,600
|
| Price: | C$1.10
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | 18 months
|
| Warrant strike price: | C$1.40
|
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