Apella Closes $272,500 Private Placement

Friday, 29 May 2009 07:00

Apella Resources Inc. (TSX.V: APA); (Frankfurt Symbol: NWN) and its Board of Directors are pleased to announce that the Company has arranged and closed a $272,500 Private Placement. Of the funds raised $144,000 is deemed flow-through and $128,500 non flow-through. The Company will issue 1,309.090 flow-through shares at $0.11 each and 1,270,455 non flow-through shares at $0.10 per each.

Each flow-through and non flow-through share issued will include an eighteen month warrant entitling the holder to purchase one additional share at $0.15 within the first 6 months or at $0.20 in the remaining 12 months. Finder’s fees will be paid subject to the policies of the TSX Venture Exchange. The Private Placement is subject to the approval of the TSX Venture Exchange. All shares and warrants issued will be subject to a 4 month hold period.

Patrick D O’Brien, President of Apella Resources Inc. subscribed for 424,545 shares and warrants of the private placement for investment purposes.

The flow-through proceeds will be used to explore and develop Apella’s Canadian Exploration projects and the non flow-through funds will be added to operating capital.

Apella invites the public to visit its website at http://www.apellaresources.com or e-mail us at This e-mail address is being protected from spambots. You need JavaScript enabled to view it to be added to the Company’s e-mail list for press releases and updates.

ON BEHALF OF THE BOARD OF DIRECTORS OF APELLA RESOURCES INC.
“Patrick D. O’Brien”
Patrick D. O’Brien – Chairman
S.E.C. Exemption 12(g)3-2(b) File No. 82-3822, Standard & Poors Listed, Dun & Bradstreet Listed

THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE. THIS NEWS RELEASE SHALL NOT CONSTITUITE AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO BUY SECURITIES IN ANY JURISDICTION. “SAFE HARBOR” STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995: THIS NEWS RELEASE CONTAINS FORWARD LOOKING STATEMENTS THAT ARE NOT HISTORICAL FACTS AND ARE SUBJECT TO RISKS AND UNCERTAINTIES WHICH COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM THOSE SET FORTH IN OR IMPLIED HEREIN