| July 05, 2010 Capella Resources Revises Terms of Private Placement | |
| Vancouver, B.C., July 5, 2010 - CAPELLA RESOURCES LTD. (TSX-V: KPS) ("Capella" or the "Company") wishes to announce that it has revised the terms of the $2,025,000 private placement announced on June 16, 2010. Capella will proceed with a non-brokered private placement of up to 10,000,000 non-flow through common shares at a price of $0.1025 per share and up to 10,000,000 flow through common shares at a price of $0.1025 per flow through share. No warrants will be issued and the aggregate gross proceeds will remain the same. The subscribers to the non-flow through common share issuance will enter into a voting trust agreement with a director of Capella (the "Voting Trustee") pursuant to which the Voting Trustee will have the right to vote all of the Capella common shares held by the subscriber at any Capella shareholder meeting for a period of six months from the closing of the private placement. A cash finder's fee of up to 5% of the gross proceeds may be paid in connection with the private placement. About Capella Resources Ltd. Capella Resources Ltd. is a publicly traded, junior exploration and mineral development company with a strong portfolio of precious and base metal projects in Chile, USA and Atlantic Canada. Capella has a 100% interest in the Lajitas and Nevada gold-copper properties located in the Maricunga Gold and Copper District and approximately 700 kilometres northwest of Santiago, Chile. The properties comprise ten exploration claims and six exploitation claims totaling a cumulative 3,500 hectares in area. Capella holds a 100% interest in the Tinton Gold Project located 15 kilometres west-northwest of the famous and historic Homestake Mine in the Black Hills at Lead, South Dakota. The Tinton property consists of 1,270 hectares contained in 157 unpatented mining claims. Capella also holds 3,839 mineral exploration claims covering an aggregate land area of over 71,558 hectares in Atlantic Canada (Nova Scotia, New Brunswick and Newfoundland and Labrador). CAPELLA RESOURCES LTD. per: "Richard Bachman" Richard Bachman, Chief Executive Officer, President & Chief Geological Officer For further information, please contact: Capella Resources Ltd. Mike McCleave Tel: 902.468.8280 Toll Free: 1.877.342.7474 Email: info@capellaresources.com Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. | |
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