Capella Minerals Announces Financing

Executive Summary

• Capella Minerals announced a non‑brokered private placement of 24 million units at $0.05 per unit, targeting gross proceeds of $1.2 million.
• The company also disclosed an intended debt settlement of up to $297,145 by issuing approximately 4.95 million common shares at a deemed price of $0.06 per share.
• Proceeds will be used for general administrative costs and the sourcing, review, and securing of new exploration projects.

Key Details

• Private Placement: 24,000,000 units @ $0.05/unit = $1,200,000 gross proceeds.
• Unit Composition: Each unit = 1 common share + 1 warrant (exercisable for an additional share at $0.075 for 3 years).
• Use of Proceeds: General administrative expenses; acquisition and evaluation of new exploration/development projects.
• Previous Financing: Earlier financing announced Dec 2024 & July 18 2025 will not proceed beyond the first tranche (2,112,000 shares + 1,056,000 warrants).
• Share Hold Period: Restrictive trading hold expires on 2025‑11‑25.
• Debt Settlement Plan: Up to $297,145 of recorded debt may be settled by issuing up to 4,952,417 common shares at a deemed price of $0.06 per share (no warrants).
• Regulatory Conditions: Both the private placement and debt settlement are subject to TSX Venture Exchange approval and other regulatory approvals.

Notable Quotes

• “The financing will provide us with the capital needed to advance our exploration pipeline and secure new project opportunities,” – Eric Roth, President & CEO.