DGAP-News: Caza Gold Corp. Closes $CDN8.15 Million Private Placement Financing
(firmenpresse) - DGAP-News: Caza Gold Corp. / Key word(s): Corporate Action
Caza Gold Corp. Closes $CDN8.15 Million Private Placement Financing
21.03.2011 / 19:19
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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 closed a
non-brokered private placement equity financing of $CDN8.15 million. The
private placement consists of 16.3 million units priced at CDN$0.50 per
unit. Each unit includes one common share and one-half common share
purchase warrant. Each full warrant may be converted into one common share
upon payment of $CDN0.70 within an 18 month period from the closing date. A
finders' fee of 7% in cash or units with the same terms as the units in the
private placement was applicable to portions of the private placement. All
securities issued in connection with the private placement will be subject
to a four-month plus one day hold period.
Final TSX Venture Exchange approval of the foregoing placement is subject
to their review and approval of the Company's recent acquisition of the Los
Andes property in Nicaragua, as set out in our news release dated December
14, 2010. No funds from the private placement will be expended on the Los
Andes property until such time as the Company has received such approval.
The Company is working on the final formal Property Option Agreement and
expects to file with the TSX Venture Exchange for approval in the next ten
business days.
Caza Gold Corp. is a TSXV listed gold exploration company focused on the
acquisition and exploration of strategic gold properties in Mexico and
Latin America.
CAZA GOLD CORP.
Per:
/s/ Greg Myers
Greg Myers
President and CEO
For more information, please contact Gregg Wilson at Toll Free:
1-877-684-9700, 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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21.03.2011 Dissemination of a Corporate News, transmitted by DGAP - a
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116337 21.03.2011
Datum: 21.03.2011 - 19:19 Uhr
Sprache: Deutsch
News-ID 33524
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