CaiTerra International Energy Corporation says that, subject to regulatory approvals, the Company has entered into an agreement on July 25, 2014 to acquire an undivided 100% beneficial interest in and to a total of 135.68 square kilometers of oil and gas leases located in northern and central Alberta.

The agreement was reached between the Company and BowRiver Development Canada Ltd. of Calgary, Alberta (BowRiver). Consideration for the purchase of the leases and lands described below requires the payment to Bow River of 1,000,000 common shares of the capital stock of Caiterra.

Tags: CaiTerra International Energy Corporation