PRIVATE PLACEMENT
Apella Resources Inc. (TSXV – “NVE”; Frankfurt – “NWN”), announces that the Company has arranged a $1,691,700 Cdn, non-brokered, Private Placement through the issuance of 8,458,500 units at a price of $0.20 per unit. Each unit consists of one common share and one share purchase warrant entitling the holder to purchase one additional common share of the Company for each warrant exercised at $0.25 per share for a period of 18 months. Of the 8,458,500 shares being issued 6,808,000 are non flow-through and 1,650,000 are flow-through. Finders’ fees may be paid on this transaction, per the policies of the TSX Venture Exchange. All shares issued will be subject to a 4 month hold period per the policies of the TSX Venture Exchange and this private placement is subject to the approval of the TSX Venture Exchange. Proceeds will be allocated to exploration of Apella’s Iron-T Vanadium-Titanium-Iron project on which drilling is about to begin; and the remainder will be allocated to operating capital.
Patrick D. O’Brien, ICD.D, CEO of Apella Resources Inc has subscribed for 2,150,000 units of the private placement for gross proceeds of $430,000, for investment purposes only.
In addition, the Company wishes to announce that Fundamental Research Corp has added Apella Resources to their coverage base and will be initiating coverage on the company in early 2010. Their analysts are currently completing due diligence in the preparation of an initiating report on the company.
Fundamental Research Corp is an equity research firm based in Vancouver, Canada. The firm's research is highly ranked by Investars, and Deutche Asset Management, and has been recognized by the media in publications such the Globe and Mail for excellence in integrity. The firm has also been attributed a 'highly credible' firm in an independent academic study done by Emory University on the benefits of issuer-sponsored research. FRC covers just over 100 small and medium cap companies and employs full time analysts and industry specialists such as a geologist.
ON BEHALF OF THE BOARD OF DIRECTORS OF APELLA RESOURCES INC.
“Patrick D. O’Brien”
Patrick D. O’Brien – Chairman
Novawest invites the public to visit its website at http://www.apellaresources.com or e-mail the company at novawest@novawest.com to be added to the company's e-mail list for press releases and updates.
S.E.C.Exemption12(g)3-2(b) File No. 82-3822, Standard & Poors Listed, Dun & Bradstreet Listed
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