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| Home : CaiTerra International Energy Corporation Announces $5.0 Million Non-Brokered Private Placement of Common Shares and Flow-Through Common Shares |
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Dec 13
2014 |
CaiTerra International Energy Corporation Announces $5.0 Million Non-Brokered Private Placement of Common Shares and Flow-Through Common Shares |
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CALGARY, ALBERTA--(Marketwired - Dec. 12, 2014) - CaiTerra International Energy Corporation (TSX VENTURE:CTI) (the "Company") announces that it intends to complete a non-brokered private placement of: (i) up to 17,500,000 common shares Company ("Common Shares") at a price of $0.20 per Common Share; and (ii) up to 6,000,000 common shares of the Company issued on a "flow-through" basis pursuant to the Income Tax Act (Canada) with respect to Canadian exploration expense ("Flow-Through Shares") at a price of $0.25 per Flow-Through Share (collectively, the "Private Placement"), for aggregate gross proceeds of up to $5.0 million. The Company may pay a cash finder's fee of up to $350,000, representing up to 7% of the gross proceeds raised in the Private Placement. |
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| Source:http://www.marketwired.com/mw/release.do?id=1976606&sourceType=3 |
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