Net proceeds from the private placement will be used to augment the Company’s current cash of $5.1 million and for general corporate purposes. The Company’s total cash position at closing is approximately $7.6 million.
Caza Gold Corp. announces that the $300,000 debt financing raised late last year for working capital has been retired. The financing was in the form of a demand loan bearing simple interest at 9% per annum. Nine of the 16 lenders were either management or directors of either Caza or Canarc Resource Corp.
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