Capella Minerals Launches $1.2M Private Placement for Gold-Copper Projects
Capella Minerals Ltd, a Canadian exploration and development company, is conducting a non-brokered private placement. The company is focused on generating gold-copper projects globally and has a staged earn-in agreement with Tümad for Scandinavian projects.
Capella is offering 24,000,000 units at $0.05 per unit, with each unit consisting of one common share and one share purchase warrant exercisable at $0.075 for 3 years. Gross proceeds of $1,200,000 will fund general administrative costs and new project exploration and development.
The company holds equity positions and net smelter royalties in various projects through partnerships and divestments of non-core assets. Capella also has a carried 10% interest in the Løkken copper-cobalt-zinc VMS project. Eric Roth, Ph.D., FAusIMM, serves as the President & CEO and a Qualified Person under NI 43-101 for Capella.
Capella intends to settle up to $297,145 of debt by issuing up to 4,952,417 common shares at a deemed price of $0.06. Contact can be made through Karen Davies, VP Shareholder Relations and Corporate Development, at +1.604.314.2662 or via the company's website at www.capellaminerals.com.
Capella's private placement aims to raise funds for operational expenses and new project development. The company's strategic partnerships and equity positions contribute to its diverse portfolio of projects. With a strong leadership team, Capella continues to explore and develop gold-copper projects globally.
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