CaiTerra International Energy Announces Increase to Non-Brokered Private Placement
June 09 2014 - 4:59PM
Marketwired
CaiTerra International Energy Announces Increase to Non-Brokered
Private Placement
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jun 9, 2014) -
CaiTerra International Energy Corporation (the "Company")
(TSX-VENTURE:CTI) announces that it has decided to increase the
size of its previously announced non-brokered private placement
financing (the "Financing") described in its news release dated
June 4, 2014. The Company previously disclosed that it intended to
complete 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. The Company announces that it has decided to
increase the number of Units to be issued to up to 30,000,000 Units
for total proceeds of up to $3,000,000.
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.
All other terms of the Financing as announced on June 4, 2014
remain the same.
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.
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.
CaiTerra International Energy CorporationCraig RobsonChief
Executive Officer and Director(778) 329-9629
CaiTerra International Energy (TSXV:CTI)
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