Brief: Capella Announces Definitive Agreement For The Sale Of Is Central Norway Copper-Cobalt Projects To Nickelx And Financing Update

Capella Minerals

17/10/2023 16:38

Oct 17 (Reuters) - Capella Minerals Ltd  CMIL.V :
    * CAPELLA ANNOUNCES DEFINITIVE AGREEMENT FOR THE SALE OF IS
CENTRAL NORWAY COPPER-COBALT PROJECTS TO NICKELX AND FINANCING
UPDATE
    * CAPELLA MINERALS -  WILL RECEIVE AT CLOSING OF TRANSACTION
C $5
MILLION IN CASH
    * CAPELLA MINERALS LTD -  WILL ALSO RECEIVE NEW NICKELX
SHARES
WITH A VALUE OF C $2 MILLION TO BE ISSUED AND ALLOTTED TO
COMPANY AT IPO
    * CAPELLA MINERALS LTD -  NEW NON-BROKERED PRIVATE PLACEMENT
OF UP
TO 33 MILLION UNITS TO RAISE GROSS PROCEEDS OF UP TO C$1 MILLION

Further company coverage:  CMIL.V 

 ((Reuters.Briefs@thomsonreuters.com;))