Vancouver, BC - January 20th, 2012
Apella Resources Inc. which trades on (TSX.V: "APA"), (U.S.A. OTCQX: "APAFF"), and (Frankfurt Symbol: "NWN") is pleased to report on near-term corporate strategies it is implementing in order to derive the maximum benefit from its extensive Vanadium-Iron-Titanium assets in Quebec and Ontario, Canada. The Company is confident that three of its Vanadium-Iron-Titanium assets, the Lac Dore/Lac Dore North Project, the Iron-T Project and the Game Changer Project, could be developed more expeditiously and financed with significantly less dilution to existing and future stakeholders by placing each of the three projects into wholly-owned subsidiaries dedicated primarily to that particular asset.
Under the go-forward strategy Apella will, at the outset, continue to control a 100% interest, in each of the three assets and the respective subsidiary into which it is placed, as it does at present. As funds are raised by each of the subsidiaries to develop the projects, the percentage of dilution applicable will only apply to that particular subsidiary and the assets in it. This is unlike the present approach whereby with each capital raise that Apella enters into, dilution applies to the entirety of Apella and all of its assets as a whole.
For the aforementioned purposes and other strategic matters at hand Apella has established a number of wholly-owned subsidiaries.
Apella will be providing more information and details on its initiatives as the plans proceed.
Additional information, as it is available, will be contained on the Company's website at www.apellaresources.com or the company can be contacted at 604-683-8990.
ON BEHALF OF THE BOARD OF DIRECTORS OF APELLA RESOURCES INC.
"Patrick D. O'Brien"
Patrick D. O'Brien, ICD.D - Chairman
SEC Exemption 12(g)3-2(b) File no. 82-3822, Standard & Poors Listed, Dun & Bradstreet Listed NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
|
Apella 3D Drill Tour |
For more information contact:
W. Adrian Bakker
Vice President of Corporate Communications Apella Resources Inc. APA-TSX-V 1600-543 Granville St. Vancouver, BC, Canada V6C 1X8 Ph.604.683.8990 Direct.604.641.4474
Toll Free:1-800-663-8990
|