Funding they need for new project?? 2011-09-07 14:10 CT - News ReleaseShares issued 22,600,196FYI Close 2011-09-06 C$ 0.15Mr. Michael Leahy reportsGALENA ARRANGES PRIVATE PLACEMENT OF SHARESGalena Capital Corp. has arranged a non-brokered private placement of up to 3.5 million common shares at a price of 15 cents per share for gross proceeds of up to $525,000.The shares issued with respect to the offering will be subject to a four-month hold period in accordance with applicable Canadian securities laws. A portion of the private placement may be subject to finders' fees that may be payable in cash with respect to certain private placement subscribers and in accordance with the policies of the TSX Venture Exchange.Proceeds will be used to finance exploration work commitments on the company's properties and for general working capital requirements.The non-brokered private placement is subject to the approval of the TSX Venture Exchange.