Greg Myers, CEO and President of Caza Gold Corp. (TSX VENTURE:CZY) (OTCQX:CZGDF) (FRANKFURT:CZ6) is pleased to announce that Caza Gold has closed a convertible note of CAD$120,000 (the “Offering”).
The convertible note matures in 18 months and bears interest at 12% interest per annum. The conversion terms of the note are at the Company’s election. The note principal may be converted into units at a rate of CAD$0.05 per unit for the first 12 months and at CAD$0.10 per unit for the remaining 6 months until maturity. Interest payable is, upon conversion, calculated at the TSX Venture Exchange market price at the time of conversion. Each unit is comprised of one common share and one common share purchase warrant. Each warrant is convertible into one common share upon payment of CAD$0.10 until August 7, 2016. The note, plus any accrued interest, may be repaid by the Company prior to maturity without penalty. A finders’ fee of CAD$4,000 is payable on the financing.
All securities issued in connection with the Offering will be subject to a hold period of four-months plus one day.
The proceeds from the convertible note will be used for working capital purposes. The securities being offered have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) and may not be offered or sold in the United States or to, or for the benefit of, U.S. persons (as defined in Regulation S under the U.S. Securities Act) absent U.S. registration or an applicable exemption from the U.S. registration requirements. This release does not constitute an offer for sale of securities in the United States.
Caza Gold Corp. is a gold and copper exploration company focused on discovering new deposits in Nicaragua and Mexico. The Company is one of the larger landholders in the highly prospective but under-developed country of Nicaragua, and holds attractive properties in historic mining districts in the mineral-rich country of Mexico. Caza Gold Corp is dedicated to discovering gold, defining deposits, and developing value.
CAZA GOLD CORP.
Per:
Greg Myers, President and CEO
“Neither 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.”
CAUTIONARY DISCLAIMER – FORWARD LOOKING STATEMENTS
This news release includes certain statements and information that may contain forward-looking information within the meaning of applicable Canadian securities laws or forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995. All statements in this news release, other than statements of historical facts, including statements regarding future estimates, plans, objectives, assumptions or expectations of future performance, the likelihood of commercial mining and financing requirements and the ability to fund future exploration and development are forward-looking statements and contain forward-looking information. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “intends” or “anticipates”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “should”, “would” or “occur”. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements or forward-looking information. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward- looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. The Company does not undertake to update any forward-looking statements or forward-looking information that are incorporated by reference herein, except in accordance with applicable securities laws. We seek safe harbour.
Contact Information
- Caza Gold Corp.
Greg Myers
(604) 685-9750 or Toll Free: 1-877-684-9700
(604) 685-9744 (FAX)
[email protected]
Caza Gold Corp.
Gregg Wilson
(604) 685-9750 or Toll Free: 1-877-684-9700
(604) 685-9744 (FAX)
www.cazagold.com