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BRIEF-Caza Oil & Gas announces US$45.5 million equity financing with Talara Opportunities and debt restructuring

Published 2015-12-15, 05:31 a/m
© Reuters.  BRIEF-Caza Oil & Gas announces US$45.5 million equity financing with Talara Opportunities and debt restructuring

Dec 15 (Reuters) - Caza Oil & Gas Inc CAZ.TO :
* Announces US$45.5 million equity financing with Talara Opportunities v, lp
and debt restructuring
* Company will issue and sell to talara, common shares in the capital of the
company for gross proceeds of US$45.5 million
* Says immediately following the private placement, talara will own 97.16% of
the outstanding common shares
* Private placement will result in estimated dilution for existing holders of
shares of about 3520%, materially affect control of Caza
* Co's board will be reconstituted, will include david zusman, David Young,
Andrew Heyman and Sharon o'Shea as Talara nominees
* Says the issued shares will be issued at an effective price of approximately
$0.0048 per share

* Source text for Eikon ID:nCCN57tFxQ

* Further company coverage CAZ.TO

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