New Issue: Capella proceeds with C$1 million private placement of units

By Devika Patel

Knoxville, Tenn., March 5 - Capella Resources Ltd. said it will proceed with a C$1 million non-brokered private placement of units.

The company plans to sell 16,666,666 units of one common share and one warrant at C$0.06 apiece. The warrants will be exercisable at C$0.15 for two years.

Capella is a mineral exploration company based in Vancouver, B.C.

Issuer:	Capella Resources Ltd.
Issue:	Units of one common share and one warrant
Amount:	C$1 million
Units:	16,666,666
Price:	C$0.06
Warrants:	One warrant per unit
Warrant expiration:	Two years
Warrant strike price:	C$0.15
Agent:	Non-brokered
Announcement date:	March 5
Stock symbol:	TSX Venture: CPS
Stock price:	C$0.005 at close March 4

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