Capella Announces Closing of $1,500,000 Financing

Executive Summary

• Capella Minerals Ltd. closed a private placement of 30 million units at C$0.05 per unit, raising gross proceeds of C$1.5 million.
• Each unit includes one common share and one warrant (exercise price $0.075, expires 6 Nov 2028).
• Proceeds are earmarked for general and administrative purposes and to fund review/acquisition of future properties and projects.

Key Details

• Units sold: 30,000,000 units at C$0.05 per unit.
• Gross proceeds: C$1,500,000.
• Unit composition: 1 common share + 1 share purchase warrant per unit.
• Warrant terms: Exercise price $0.075 per share; expiry 6 Nov 2028.
• Finders’ fees: None paid.
• Use of proceeds: General and administrative expenses; evaluation and acquisition of prospective properties/projects.
• Hold‑period restriction: Shares subject to trading restriction until 7 Mar 2026.
• Incentive stock options granted: 4,500,000 options (4,300,000 to insiders); exercise price $0.10; three‑year exercisable period; expiry 10 Nov 2028.

Notable Quotes

• “We are pleased to have successfully completed this financing, which provides us with the capital needed to advance our exploration and acquisition strategy.” – Eric Roth, President & CEO.