CaiTerra International Energy Corp.

October 17, 2012 18:46 ET

CaiTerra International Energy to Raise $700,000 in Non-Brokered Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 17, 2012) - CaiTerra International Energy Corp. (TSX VENTURE:CTI) ("CTI" or the "Company"), today announces that the Company has arranged a non-brokered private placement, to be completed after receiving final acceptance of TSX Venture Exchange, for CDN $700,000 through the issuance of 3,684,211 common shares at the price of $0.19 per share. The Company intends to use the proceeds of the private placement for its working capital.


Craig Robson, Chief Executive Officer

This press release contains forward-looking statements that include our belief as to the Company's ability to complete the private placement for $700,000. Certain risks and uncertainties such as our ability to successfully complete the private placement could cause the Company's actual results to differ materially from those in the forward-looking statements.

The TSX Venture Exchange nor its Regulation Services Provider has neither approved nor disapproved the contents of this press release.

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