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Published on 8/13/2009 in the Prospect News PIPE Daily.

New Issue: Aquila Resources concludes C$2.22 million private placement of stock

By Devika Patel

Knoxville, Tenn., Aug. 13 - Aquila Resources Inc. announced it settled a C$2.22 million non-brokered private placement of stock.

The company sold 12,141,051 common shares at C$0.1827 apiece to HudBay Minerals Inc.

Toronto-based Aquila is a copper, gold and silver exploration company.

Issuer:Aquila Resources Inc.
Issue:Common shares
Amount:C$2,218,170
Shares:12,141,051
Price:C$0.1827
Warrants:No
Agent:Non-brokered
Investor:HudBay Minerals Inc.
Settlement date:Aug. 13
Stock symbol:Toronto: AQA
Stock price:C$0.23 at close Aug. 13
Market capitalization:C$16 million

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