Business
Capella Minerals - Financing Update
VANCOUVER, BC, Aug. 31, 2023 /CNW/ - Capella Minerals Ltd (TSXV: CMIL) (OTCQB: CMILF) (FRA: N7D2) ("Capella" or the "Company") wishes to advise that the Company
About this update from Capella Minerals Limited
[{"type":"text","content":" VANCOUVER, BC, Aug. 31, 2023 /CNW/ - Capella Minerals Ltd (TSXV: CMIL) (OTCQB: CMILF) (FRA: N7D2) (\"Capella\" or the \"Company\") wishes to advise that the Company has received TSXV Exchange acceptance to extend closing of the placement until September 25, 2023. The private placement was previously announced (June 5, 2023) as a non-brokered private placement of up to 33M units at a price of C$0.03 per unit for gross proceeds up to C$1,000,000 (\"Private Placement\"). All other terms of the Private Placement remain the same. This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful, including any of the securities in the United States of America. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the \"1933 Act\") or any state securities laws and may not be offered or sold within the United States or to, or for account or benefit of, U.S. Persons (as defined in Regulation S under the 1933 Act) unless registered under the 1933 Act and applicable state securities laws, or an exemption from such registration requirements is available. On Behalf of the Board of Capella Minerals Ltd. \"Eric Roth\"___________________________Eric Roth, Ph.D., FAusIMMPresident & CEO About Capella Minerals Ltd Capella is engaged in the acquisition, exploration, and development of quality mineral resource properties in favourable jurisdictions with a focus on European base and battery metals projects. In Norway, the Company's focus is on: i) the advanced exploration-stage Hessjøgruva copper-cobalt project and the adjacent Kongensgruve and Kjøli projects in the northern Røros mining district, Trøndelag province, ii) the discovery of satellite high-grade copper-cobalt deposits around the past-producing Løkken copper mine, Trøndelag province, and iii) the discovery of new copper-cobalt deposits in the former Vaddas-Birtavarre mining district of northern Norway. The Company is also exploring the Northern Finland Gold-Copper project in the Central Lapland Greenstone Belt, together with JV partner Cullen Resources Ltd (ASX: CUL). A total of five exploration permit have now been approved, including the priority Kille...