New Issue: Capella concludes C$776,000 private placement of units

By Devika Patel

Knoxville, Tenn., March 24 - Capella Resources Ltd. said it completed a C$776,000 non-brokered private placement of units. The deal priced for C$1 million on March 5.

The company sold 12,933,330 units of one common share and one warrant at C$0.06 apiece. The warrants will be exercisable at C$0.15 until March 20, 2011.

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$776,000
Units:	12,933,330
Price:	C$0.06
Warrants:	One warrant per unit
Warrant expiration:	March 20, 2011
Warrant strike price:	C$0.15
Agent:	Non-brokered
Announcement date:	March 5
Settlement date:	March 24
Stock symbol:	TSX Venture: CPS
Stock price:	C$0.005 at close March 4

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.