Apella Resources Grants Stock Options and Extends Expiry Date of Warrants
NEWS RELEASE
Apella Resources Grants Stock Options and Extends Expiry Date of Warrants
Vancouver, BC – June 17, 2011
Apella Resources Inc. (TSX.V: APA); (OTCQX: APAFF) (Frankfurt Symbol: NWN) announces that the Company has granted incentive stock options to Don Venturi, a director of the Company, to purchase 300,000 shares of the Company at a price of $0.17 per share for a period of five years
The Company also intends to extend the expiry date of 6,068,500 share purchase warrants originally issued on January 26, 2010 and which are currently set to expire on July 25, 2011. The proposed new expiry date is January 25, 2016. The exercise price of these warrants will remain unchanged at $0.25. The extension of the warrant term is subject to the policies and acceptance of the TSX Venture Exchange.
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.