Investing.com
Published Apr 10, 2024 03:02
Capella has agreed to extend the closing of the Agreement announced on
The revised Polar consideration is as follows:
i) | Capella to receive |
ii) | Capella to receive |
iii) | Polar to immediately cover ongoing costs directly related to the projects and with an approximate value of |
All other terms and conditions of the Agreement remain unchanged.
The technical information in this news release relating to the Company's Norwegian copper assets has been prepared in accordance with Canadian regulatory requirements set out in NI 43-101, and approved by
On Behalf of the Board of Capella Minerals Ltd.
"Eric Roth"
_______
President & CEO
Capella is engaged in the acquisition, exploration, and development of quality mineral resource properties in favourable jurisdictions with a current focus on Scandinavian metals projects.
Capella continues to explore the Northern Finland Gold-Copper project in the Central Lapland Greenstone Belt, together with JV partner Cullen Resources Ltd (ASX: CUL). A total of six exploration permits have now been approved, including the priority and drill-ready Killero East gold-copper and Saattopora West gold-copper projects. In central
The Company entered in to a binding asset sale agreement with Polar Transition Metals AS on
Capella continues to evaluate strategic alternatives for its Joint Venture with Agnico Eagle (NYSE:AEM) Mines Ltd (TSX/NYSE: AEM) at the Domain Gold Project,
The Company is in the process of closing agreements on the Savant Gold Project (
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.
Written By: Investing.com
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