VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 11/19/12 -- CaiTerra International Energy Corp. (TSX VENTURE: CTI) (the "Company") is pleased to announce that is has completed its private placement as previously announced on October 16, 2012 of 3,684,211 common shares (the "Shares") at a price of $0.19 per Share for aggregate gross proceeds of $700,000 (the "Offering").
All Shares issued pursuant to the Offering are subject to a hold period of four months and one day after closing of the offering under applicable Canadian securities laws and the policies of the TSX Venture Exchange.
The Company did not pay any finder's fee in connection with the Offering.
The proceeds of the Offering are intended to be used for working capital of the Company.
ON BEHALF OF THE BOARD
Craig Robson, Chief Executive Officer
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
CaiTerra International Energy Corp.
Chief Executive Officer and Director