Capella Minerals Financing Update

Executive Summary

• Capella Minerals increased its previously announced private placement from CAD 1.2 million (24 M units) to CAD 1.5 million (30 M units) at $0.05 per unit, reflecting heightened investor interest.
• Each unit contains one common share and one warrant exercisable for an additional share at $0.075 within three years.
• The placement is subject to TSX Venture Exchange approval; shares will be locked‑up for 4 months + 1 day, and a finder’s fee may be paid to eligible finders.

Key Details

• Financing Size: CAD 1,500,000 gross proceeds (30,000,000 units) – up from the originally announced CAD 1,200,000.
• Unit Price: $0.05 per unit.
• Unit Composition: 1 common share + 1 share purchase warrant (exercise price $0.075, exercisable for 3 years).
• Regulatory Condition: Subject to approval by the TSX Venture Exchange.
• Lock‑up: All shares issued are subject to a statutory hold period of 4 months + 1 day.
• Finder’s Fee: Company may pay a fee to eligible finders in connection with the placement.
• Use of Proceeds (implied): Not explicitly stated; typical use includes funding exploration, development activities, and working capital for ongoing projects.

Notable Quotes

(No direct quotes from management were included in this release.)