Apella Completes $308,000 Private Placement and Closes $272,500 Private Placement

19 Jun 2009 - 7:00am
Apella Resources Inc.(TSX.V: APA); (Frankfurt Symbol: NWN) and its Board of Directors are pleased to announce that the Company has arranged a $308,000 flow-through private placement. This private placement is in addition to the private placement announced in an earlier release on May 29th, 2009. In this new $308,000 private placement, the Company will issue 2,800,000 flow-through shares at $0.11 each and 2,800,000 non flow-through warrants. Each non flow-through warrant will be exercisable for one common share for a period of eighteen months at $0.15 within the first 6 months or at $0.20 within the remaining 12 months.  Finder’s fees will be paid in units 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.

The proceeds of this private placement will be used to explore and develop Apella’s Canadian Exploration projects, primarily Apella’s Lac Dore and Iron-T Iron-Vanadium-Titanium projects in Quebec.

In addition, the Company wishes to advise that the Private Placement announced on May 29th, 2009 for the placement of 2,579,545 Units and proceeds of $272,500 has closed in its entirety. The shares issued in that placement are subject to a statutory hold period until October 2, 2009.
Apella invites the public to visit its website at http://www.apellaresources.com or e-mail us at apella@apellaresources.com 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