Capella arranges $1.2-million private placement

Executive Summary

• Capella Minerals Ltd. announced a non‑brokered private placement of 24 million units at C$0.05 per unit, each unit comprising one common share and one warrant exercisable for three years at C$0.075.
• The offering is expected to generate gross proceeds of approximately C$1.2 million, which will be used for general administrative expenses and the acquisition and evaluation of new exploration projects.
• The company also plans, subject to regulatory approval, to settle up to C$297,145 of recorded debt by issuing up to 4,952,417 common shares at a deemed price of C$0.06 per share (no warrants).

Key Details

• Private Placement Structure: 24 million units @ C$0.05/unit; each unit = 1 common share + 1 warrant.
• Warrant Terms: Warrants exercisable for three years at C$0.075 per additional common share.
• Gross Proceeds: Approximately C$1.2 million.
• Use of Proceeds: General administrative costs; sourcing, review, and securing new exploration and development projects.
• Previous Financing: Earlier financing announced in Dec 2024 and July 18 2025 will not proceed beyond the first tranche (2,112,000 shares + 1,056,000 warrants at C$0.075, expiry July 24 2027; trading hold until Nov 25 2025).
• Debt Settlement Plan: Up to C$297,145 of recorded debt may be settled by issuing up to 4,952,417 common shares at a deemed price of C$0.06 per share (no warrants attached).
• Regulatory Conditions: Subject to TSX Venture Exchange approval and other regulatory approvals.

Notable Quotes

(No direct quotes provided in the release.)