Caza Closes Private Placement and Issues Shares for Los Andes Property; Shares Down Slightly Mid-Morning
Caza Gold Corp. (CZY.V) today announced that it has closed a non-brokered private placement equity financing for $228,500 and has issued 533,439 common shares to Inversiones Ecologicas S.A. pursuant to the terms of the Los Andes option agreement dated January 31, 2011.
The private placement is for 2,285,000 units at $0.10 per unit for gross proceeds of $228,500, with each unit comprised of one common share and one-half common share purchase warrant.
The Company also issued 533,439 common shares to INECOSA for the Los Andes option agreement for additional staked property held in the area of mutual interest. Shares issued in connection with the Los Andes option agreement are subject to a four-month plus one day hold period expiring on May 1, 2013.
Shares are down half a cent to 8 cents mid-morning.