By Devika Patel
Knoxville, Tenn., July 7 - Capella Resources Ltd. said Tuesday it revised the terms of a non-brokered private placement. The deal priced as an offering of units for up to C$2.03 million on June 16, but the company now only plans to sell stock.
Capella now will sell up to 10 million non-flow through common shares at C$0.1025 per share and up to 10 million flow through common shares at the same price. No warrants will be issued.
Proceeds will be used for general exploration expenditures and for general working capital.
Capella is an exploration and mineral development company based in Dartmouth, N.S.
| Issuer: | Capella Resources Ltd.
|
| Issue: | Non-flow through common shares, flow through common shares
|
| Amount: | C$2,025,000
|
| Shares: | 20 million (maximum)
|
| Price: | C$0.1025
|
| Warrants: | No
|
| Pricing date: | June 16
|
| Amended: | July 6
|
| Agent: | Non-brokered
|
| Stock symbol: | TSX Venture: KPS
|
| Stock price: | C$0.17 at close June 15
|
| Market capitalization: | C$5.65 million
|
|
|
| Non-flow through common shares
|
| Shares: | 10 million (maximum)
|
|
|
| Flow through common shares
|
| Shares: | 10 million (maximum)
|
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