Caza Oil & Gas, Inc.
TSX : CAZ
AIM : CAZA

Caza Oil & Gas, Inc.

June 27, 2008 02:00 ET

Caza Oil & Gas, Inc. Result of Annual General and Special Meeting

HOUSTON, TEXAS--(Marketwire - June 27, 2008) - CAZA OIL & GAS, INC. ("Caza" or the "Company") (TSX:CAZ)(AIM:CAZA) -

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Further to the announcement made by Caza on May 23, 2008 in relation to a placing of 50,000,000 new common shares (the "New Common Shares") to raise Pounds Sterling 11.50 million before expenses (equivalent to Cdn$22.36 million at an exchange rate of Cdn$1.9440/Pounds Sterling 1.00) (the "Placing"), the Company announces that at the special meeting of the Company held yesterday the resolution proposed to obtain shareholders' approval for the Placing was passed. All the conditions relating to the Placing (save for the admission of the New Common Shares to trading on AIM, a market operated by the London Stock Exchange plc ("Admission")) have now been met.

As a consequence, Admission is expected to occur at 8.00 a.m. (London time) on June 27, 2008. In addition, admission of the New Common Shares to trading on the Toronto Stock Exchange is expected to be effective on the same day.

In addition, Caza announces that at the annual general meeting of the Company, held yesterday in conjunction with the special meeting, all the resolutions were passed.

About Caza

Caza is engaged in the acquisition, exploration, development and production of hydrocarbons in the Texas Gulf Coast, south Louisiana, southeast New Mexico and the Permian Basin of West Texas on-shore regions of the United States of America through its subsidiary, Caza Petroleum, Inc. Caza is a company incorporated in Canada pursuant to the Business Corporations Act (British Columbia).

The distribution of this announcement and the Placing and/or the issue of shares in connection with the Placing (the "Placing Shares") in certain jurisdictions may be restricted by law. Persons into whose possession this announcement comes are required by the Company and Noble & Company Limited to inform themselves about and to observe any such restrictions.

Except as otherwise permitted from the dealer registration and prospectus filing requirements of applicable Canadian securities laws, prior to the date that is four months and one day from the closing of the Placing, the Placing Shares cannot be resold or transferred into Canada or to a resident of Canada through the facilities of the TSX or otherwise.

The Placing Shares offered have not been registered under the U.S. Securities Act of 1933, as amended, or the securities laws of any state, and may not be offered or sold in the United States or to a U.S. Person (as defined in Regulation S of the U.S. Securities Act) absent registration or an applicable exemption from the registration requirements.

Contact Information

  • Caza Oil & Gas, Inc.
    John McGoldrick
    Executive Chairman
    (281) 363-4442
    Website: www.cazapetro.com
    or
    Noble & Company Limited
    Nick Naylor / Jamie Boyd
    Nominated Adviser and Broker
    +44 (0) 20 7763 2200
    or
    Aquila Financial Ltd.
    Peter Reilly
    Financial Public Relations Advisers
    +44 (0)118 979 4100