DGAP-News: Caza Gold Corp. Arranges Up To $8 Million Private Placement Financing
(firmenpresse) - DGAP-News: Caza Gold Corp. / Key word(s): Corporate Action
Caza Gold Corp. Arranges Up To $8 Million Private Placement Financing
01.02.2011 / 15:15
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Vancouver, Canada - Greg Myers, President&CEO of Caza Gold Corp. (TSXV:
CZY, Frankfurt: CZ6) is pleased to announce that Caza Gold has arranged a
non-brokered private placement equity financing of up to $8.0 million.
The private placement consists of up to 16 million units priced at CA$0.50
per unit. Each unit will consist of one common share and one-half common
share purchase warrant. Each full warrant may be converted into one common
share upon payment of $0.70 within an 18 month period from the closing
date. A finders' fee of 7% in cash may be applicable to portions of the
private placement.
All securities issued in connection with the Offering will be subject to a
four-month plus one day hold period. Completion of the Offering is subject
to a number of conditions including receipt of all necessary regulatory
approvals. The net proceeds of the unit private placement will be used to
complete the first phase of drilling on the Company's Balleza Project in
Chihuahua, Mexico. Funds will also be used to continue soil sampling,
trenching and detailed mapping on the Los Andes property in Nicaragua in
order to delineate drill targets and for general working capital.
These securities being offered have not been, and will not be, registered
under the United States Securities Act of 1933, as amended (the 'U.S.
Securities Act') and may not be offered or sold in the United States or to,
or for the benefit of, U.S. persons (as defined in Regulation S under the
U.S. Securities Act) absent U.S. registration or an applicable exemption
from the U.S. registration requirements. This release does not constitute
an offer for sale of securities in the United States.
Caza Gold Corp. is a TSX-V listed exploration company focused on the
acquisition and exploration of strategic gold properties in Mexico and
Latin America.
CAZA GOLD CORP.
Greg Myers
President and CEO
For more information, please contact Gregg Wilson at tel: +1 (604)
685-9750, fax: +1 (604) 685-9744, email: gregg(at)cazagold.com or visit our
website, www.cazagold.com
'Neither 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.'
CAUTIONARY DISCLAIMER - FORWARD LOOKING STATEMENTS
Certain statements contained herein constitute 'forward-looking statements'
within the meaning of the United States Private Securities Litigation
Reform Act of 1995. All statements that are not historical facts, including
without limitation statements regarding future estimates, plans,
objectives, assumptions or expectations of future performance, are
'forward-looking statements'. We caution you that such 'forward-looking
statements' involve known and unknown risks and uncertainties, as discussed
in the Company's filings with Canadian and United States securities
agencies. The Company expressly disclaims any obligation to update any
forward-looking statements other than as required by applicable law. We
seek safe harbour.
End of Corporate News
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01.02.2011 Dissemination of a Corporate News, transmitted by DGAP -a
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110551 01.02.2011
Datum: 01.02.2011 - 15:15 Uhr
Sprache: Deutsch
News-ID 33112
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