CaiTerra International Energy Corp.

CaiTerra International Energy Corp.

August 26, 2014 20:25 ET

CaiTerra International Energy Corporation Announces Closing of Acquisition of Undeveloped Oil and Gas Leases and Resignation of Director

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug. 26, 2014) - CaiTerra International Energy Corporation (TSX VENTURE:CTI) ("CaiTerra" or the "Company") announces that it has completed the purchase of its previously announced (news release dated July 28, 2014) acquisition of an undivided 100% beneficial interest in and to a total of 135.68 square kilometers of oil and gas leases located in northern and central Alberta (the "Acquisition"). Pursuant to the Acquisition, CaiTerra issued 1,000,000 common shares of the capital stock of Caiterra to the vendor.

In addition, the Company announces the resignation from Craig Robson from the Board of Directors of the Company. Mr. Robson will continue as an advisor to the Company going forward. Caiterra's management would like to thank Mr. Robson for his many contributions in the development and to the management of the Company over the past years.

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.

Contact Information

  • CaiTerra International Energy Corp.
    Songning Shen
    Chief Executive Officer
    (403) 875-2129

    CaiTerra International Energy Corporation
    (778) 329-9629