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Capella Announces Private Placement Financing
Capella Announces Private Placement Financing Canada NewsWire /NOT AN OFFER...
About this update from Capella Minerals Limited
[{"type":"text","content":"\n \n \n \n Capella Announces Private Placement Financing\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n /NOT AN OFFER TO SELL OR A SOLICITATION TO BUY ANY SECURTIES IN\n \n THE UNITED STATES OF AMERICA\n \n ./\n \n \n \n \n \n \n VANCOUVER, BC\n \n \n ,\n \n \n June 13, 2023\n \n \n /CNW/ -\n \n Capella Minerals Ltd\n \n (TSXV: CMIL) (OTCQB: CMILF) (FRA: N7D2) (\"Capella\" or the \"Company\") announces that it has initiated a non-brokered private placement of up to\n \n 33M\n \n units at a price of\n \n C$0.03\n \n per unit for gross proceeds up to\n \n C$1,000,000\n \n (\"Private Placement\"). The Company has secured an initial commitment of\n \n C$400,000\n \n from an existing European-based shareholder with a focus on the metals required for the green energy transition.\n \n \n \n \n \n \n \n \n \n Each unit of the Private Placement shall consist of one common share in the capital of the Company and one-half of a share purchase warrant, with each whole warrant entitling the holder to purchase one additional common share at a price of\n \n C$0.06\n \n per share at any time within two years from the date of issuance. The warrants shall also be subject to an accelerated exercise clause in the event the Company's share price exceeds\n \n C$0.15\n \n for 10 consecutive trading days.\n \n \n Proceeds from the Private Placement are anticipated to be used on advancing the Company's high-grade copper assets in\n \n Norway\n \n (including drilling at the advanced exploration-stage Hessjøgruva project) and copper-gold assets in northern\n \n Finland\n \n , as well as for general working capital.\n \n \n The Company may pay finders fee's in either cash, shares, share purchase warrants or a combination thereof, as permitted by regulators, on a portion of the Private Placement. Closing of the Private Placement is expected to occur on or before\n \n June 25, 2023\n \n . All securities issued under the Private Placement will be subject to a hold period of four months from the date of issuance.\n \...