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Capella Resources Ltd.
Capella Announces Non-Brokered Private Placement for Gross Proceeds of up to $5 Million and Stock Option Grant
April 25th, 2009
CAPELLA RESOURCES LTD. (TSX-V: KPS) (“Capella” or the “Company”) is pleased to announce that it is proceeding with a non-brokered private placement of up to 6,849,315 units (the “Units”) at a price of $0.73 per Unit for gross proceeds up to $5,000,000 (the “Offering”). Each Unit will consist of one common share of the Company (a “Common Share”) and one Common Share purchase warrant (a “Warrant”). Each Warrant will entitle the holder thereof to purchase one Common Share at a price of $1.25 per Common Share for a period of 12 months from the closing of the Offering (the “Expiry Date”), subject to acceleration. If, after the closing of the Offering, the Common Shares trade...
Source: Law & Health Weekly (2009-04-25)
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