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Caza Oil and Gas closes $45.5 million equity financing


Published Dec 25, 2015
Caza Oil & Gas-2

Caza Oil & Gas, Inc. has closed the equity financing and debt restructuring transactions announced on December 15, 2015, including the issue and sale to Talara Opportunities V, LP of 9,467,419,937 common shares for gross proceeds of US$45.5 million at an effective price of US$0.0048 per share (equivalent to approximately 0.32 pence per Common Share).

Talara is a private investment fund advised by Talara Capital Management, LLC.

Closing followed receipt of requisite approvals from the Toronto Stock Exchange, including permission to rely on the financial hardship exemption provided for in the TSX Company Manual.

Tags: Caza Oil & Gas




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