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VANCOUVER, BC, Dec. 19,
2024 /CNW/ - Capella Minerals Ltd (TSXV: CMIL)
(OTCQB: CMILF) (FRA: N7D2) ("Capella" or the "Company") is pleased
to announce that it has received regulatory acceptance to its
previously announced (December 3,
2024) share consolidation. The Company's current
outstanding shares 236,985,195 will consolidate on a 6 old for 1
new basis giving the Company 39,497,532 common shares outstanding
post-consolidation. The Company anticipates its shares trading on a
post-consolidated basis at the opening on December 23, 2024 (the "Effective Date") under
the new CUSIP 13960M201 and ISIN CA13960M2013.
Shareholders holding physical certificates will receive a Letter
of Transmittal directly from the Company's transfer agent,
Computershare. The Letter of Transmittal will provide
instructions to shareholders
for the exchange of their
shares as soon as practicable following the Effective
Date. Shareholders holding their shares in Book/DRS form will
have their shares automatically issued.
On Behalf of the Board of Capella Minerals Ltd.
"Eric Roth"
___________________________
Eric Roth, Ph.D.,
FAusIMM
President & CEO
About Capella Minerals Ltd
Capella is a Canadian exploration and development company with a
focus on gold-copper projects in the Central Lapland Greenstone
Belt of northern Finland &
copper-cobalt projects in Norway.
In northern Finland, the
Company's portfolio consists of 5 copper-gold projects - including
the priority Killerö E target (a former Anglo American project that was never drilled)
and the Saattopora W target (the western extension to Outokumpu
Oy's Saattopora former copper-gold mine) - all of which are located
about 40km SW of Agnico Eagle's Kittilä Gold Mine, currently the
largest gold producer in Europe.
In the Trøndelag Province of central Norway, the Company's focus is on the
discovery of high-grade copper-cobalt massive sulfide (VMS)
deposits in the former mining districts of Løkken and Røros. The
Company's portfolio includes: i) a 100% interest in the
advanced exploration-stage Hessjøgruva copper-cobalt project and
adjacent Kongensgruve project in the northern Røros mining
district, and ii) exposure to the discovery of new satellite
copper-cobalt-zinc VMS targets around the past-producing Løkken
copper mine through a strategic partnership with Teako Minerals
(CSE: TMIN).
Capella also holds significant equity positions in Teako
Minerals (CSE: TMIN) and Grit Metals Corp. (formerly European
Energy Metals Corp; TSXV: FIN) as a direct result of the recent
divestiture of non-core assets.
For additional information you are cordially invited to
visit the Capella Minerals Ltd website at www.capellaminerals.com,
or contact Karen Davies, VP
Shareholder Relations and Corporate Development, at Tel:
+1.604.314.2662
Cautionary Notes and Forward-looking
Statements
This news release contains forward-looking information within
the meaning of applicable securities
legislation. Forward-looking information is typically
identified by words such as: believe, expect, anticipate,
intend, estimate, postulate and similar expressions, or are those,
which, by their nature, refer to future events. Such
statements include, without limitation, statements regarding the
future results of operations, performance and achievements of
Capella, including the timing, completion of and results from the
exploration and drill programs described in this release.
Although the Company believes that such statements are
reasonable, it can give no assurances that such expectations will
prove to be correct. All such forward-looking
information is based on certain assumptions and analyses made by
Capella in light of their experience and perception of historical
trends, current conditions and expected future developments, as
well as other factors management believes are appropriate in the
circumstances. This information, however, is subject to a variety
of risks and uncertainties and other factors that could cause
actual events or results to differ materially from those projected
in the forward-looking information. Important factors that could
cause actual results to differ from this forward-looking
information include those described under the heading "Risks and
Uncertainties" in Capella's most recently filed MD&A. Capella
does not intend, and expressly disclaims any obligation to, update
or revise the forward-looking information contained in this news
release, except as required by law. Readers are cautioned not to
place undue reliance on forward-looking information.
Neither the TSXV nor its Regulation Services Provider (as
that term is defined in the policies of the TSXV) accepts
responsibility for the adequacy or accuracy of this
release.
SOURCE Capella Minerals Limited
