Caiterra International Energy Corporation (TSXV:CTI) announced a non-brokered private placement of 20,000,000 units at CAD 0.10 per unit for gross proceeds of CAD 2,000,000 on June 4, 2014. Each unit will consist of one common share and one common share purchase warrant. Each common share purchase warrant will be exercisable into one common share at an exercise price of CAD 0.15 per share for two years from the date of issuance. The company will pay finder's fees of up to 7% of the gross proceeds of the transaction. The securities issued as part of the transaction will be subject to a four month hold period from the closing. The transaction is subject to a number of conditions including the approval from the TSX Venture Exchange.

On June 9, 2014, the company announced that it has amended the terms of the transaction. The company will now issue 30,000,000 units for gross proceeds of CAD 3,000,000.

On July 8, 2014, the company announced that TSX Venture Exchange has accepted filing documentation with respect to the transaction. The company will issue units to 13 placees, including Tian Ping Wu for 220,000 units, Wei Wu, a director of the company for 200,000 units, Bing Xiao Wu for 4,600,000 units, and Xiang Pu, a director of the company for 2,000,000 units. The company will pay finder's fees of CAD 148,800 in cash to HK Sunshine Wealth Investment Co., Limited.