Capella Minerals closes $1.5-million financing

Executive Summary

• Capella Minerals Ltd. has closed a private placement of 30 million units for gross proceeds of $1.5 million.
• Each unit consists of one common share and one warrant exercisable at 7.5 cents per share, expiring November 6, 2028.
• The company also granted 4.5 million incentive stock options to directors, officers, and consultants.

Key Details

• Financing Structure: Sale of 30,000,000 units at a price of $0.05 per unit.
• Gross Proceeds: $1,500,000.
• Warrant Terms: Each unit includes one share purchase warrant. Warrants are exercisable at $0.075 per share until November 6, 2028.
• Use of Proceeds: General and administrative purposes, and to review/acquire potential future properties and projects.
• Trading Restrictions: All shares issued are subject to a hold period trading restriction expiring on March 7, 2026.
• Finders' Fees: None paid.
• Option Grants: Aggregate 4,500,000 incentive stock options granted to directors, officers, and consultants.
  • Insider Grants: 4,300,000 options granted to insiders.
  • Option Terms: Exercisable at $0.10 per share for a period of three years, expiring November 10, 2028.

Notable Quotes

• None provided in the text.