Capella to Sell Equity Interest in Sierra Blanca to Unico Silver
Under the terms of the SPA,
The closing of the Sierra Blanca transaction is subject to: i) the granting of regulatory approvals from the ASX and TSXV Exchanges (and Unico obtaining shareholder approval for the issuance of shares to Austral under ASX Listing Rule 10.11) and ii) entry in to deed of assignment in respect of an underlying NSR on the Sierra Blanca project. In conjunction with the closing, the Company will transfer half of the consideration received from Unico to
On Behalf of the Board of
"Eric Roth"
___________________________
President & CEO
About
Capella is a Canadian exploration and development company with a focus on copper-gold projects in northern
In northern
On
Capella also retains exposure to exploration success in Canadian precious metals projects through its JV with Agnico Eagle Mines Ltd (TSX/NYSE: AEM) at the
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.
View original content to download multimedia:https://www.prnewswire.com/news-releases/capella-to-sell-equity-interest-in-sierra-blanca-to-unico-silver-302151020.html
SOURCE