News Column

CaiTerra International Energy Announces Non-Brokered Private Placement

June 20, 2014



By a News Reporter-Staff News Editor at Energy Weekly News -- CaiTerra International Energy Corporation (the "Company") (TSX VENTURE:CTI) announces that it intends to complete a non-brokered private placement financing (the "Financing") of up to 20,000,000 units (each, a "Unit") of the Company at a price of $0.10 per Unit for total proceeds of up to $2,000,000. Each Unit will be comprised of one common share of the Company and one common share purchase warrant. Each common share purchase warrant will be exercisable into one common share of the Company at an exercise price of $0.15 per share for two years from the date of issuance.

Proceeds from the Financing are expected to be used for general working capital. Finder's fees in the amount of up to 7% of the gross proceeds of the Financing may be paid in connection with the Financing.

All of the securities issued in connection with the Financing will be subject to a four month hold period from the closing date under applicable securities legislation. Completion of the Financing will be subject to a number of conditions including the approval of the TSX Venture Exchange.

Neither the 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.

A Note Regarding Forward-Looking Information

Except for statements of historical fact, this news release contains certain "forward-looking information" within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" occur. Forward-looking information in this press release includes, but is not limited to, statements regarding the Company's intention to complete a non-brokered private placement financing, the proposed use of proceeds and the payment of finder's fees. Although the Company believes that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. Such forward-looking statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements including, without limitation, the risks that the private placement may not be completed as expected or at all, that the TSX Venture Exchange may not approve the private placement and such other factors beyond the control of the Company. Except as required by law, the Company expressly disclaims any obligation, and does not intend, to update any forward-looking statements or forward-looking information in this news release.

Keywords for this news article include: Production, Legal Issues, Manufacturing.

Our reports deliver fact-based news of research and discoveries from around the world. Copyright 2014, NewsRx LLC


For more stories on investments and markets, please see HispanicBusiness' Finance Channel



Source: Energy Weekly News


Story Tools






HispanicBusiness.com Facebook Linkedin Twitter RSS Feed Email Alerts & Newsletters