Caiterra International Energy Corporation announced that it has received CAD 0.64 million in funding
On December 17, 2014, the company announced that it has issued 2,000,000 flow-through shares for CAD 500,000 in first tranche. The transaction has received conditional approval from the TSX Venture Exchange.
On December 29, 2014, the company announced that it has issued 300,000 flow-through shares for CAD 75,000 in second tranche. The company has received CAD 575,000 in funding so far.
In December 2014, Caiterra International Energy Corporation closed the transaction. The company issued 2,540,000 flow-through shares for gross proceeds of CAD 635,000 in the transaction. The company issued 240,000 flow-through shares for CAD 60,000 in its third and final tranche. The round included participation from four placees including participation from Rick Pawluk for 300,000 flow-through shares and Perla Woo for 200,000 flow-through shares.