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Capella Receives CAD 1.2M from Sale of Marketable Securities
Capella Receives CAD 1.2M from Sale of Marketable Securities Canada NewsWire ...
About this update from Capella Minerals Limited
[{"type":"text","content":"\n \n \n \n Capella Receives CAD 1.2M from Sale of Marketable Securities\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 \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n VANCOUVER, BC\n \n ,\n \n Nov. 10, 2021\n \n /CNW/ - Capella Minerals Ltd. (TSXV: CMIL) (FRA: N7D2) (the \"Company\" or \"Capella\") is pleased to advise that it has executed the sale of the 833,334 common shares held by the Company in Cerrado Gold Inc (TSXV: CERT) (\"Cerrado\"), resulting in proceeds totalling\n \n CAD 1.2M\n \n . The Cerrado shareholding was received in Q1, 2021, as consideration for the divestiture of Capella's former Argentine subsidiary, Minera Mariana SA.\n \n \n \n \n \n \n \n \n \n Funds received from the Cerrado share sale will be used for ongoing target generation activities and initial drilling on priority targets within the Company's portfolio of high-grade copper and gold assets in Scandinavia and\n \n Canada\n \n , as well as for general administrative and corporate purposes.\n \n \n \n Eric Roth\n \n , Capella's President and CEO, commented today: \"The funds received from the Cerrado share sale will allow us to continue to advance our high-grade Norwegian copper projects towards drilling, with initial emphasis on the Kjøli project.  We have now received almost all outstanding results from our summer exploration programs – which saw some delays as a result of the strict Covid restrictions imposed in\n \n Norway\n \n – and we can now focus on permitting for drilling. I will be providing the market with detailed updates on all of Capella's projects in short order.\n \n \n The Company also holds 3,000,000 common shares in TSXV-listed Ethos Gold Corp, and we will continue to monitor the value of this investment as we move forward.\"\n \n \n On Behalf of the Board of Capella Minerals Ltd.\n \n \n \n \n \"Eric Roth\"\n \n \n \n \n \n \n ___________________________\n \n \n \n \n \n \n Eric Roth\n \n , Ph.D., FAusIMM\n \n \n \n President & CEO\n \n \n \n \n About Capella Minerals Ltd\n \n \n \n Capella is engaged in the acquisition, exploration, and develop...