25th Apr 2014 08:56
LONDON (Alliance News) - Caza Oil & Gas Inc Friday said it has issued about 4.2 million shares to an investment fund managed by Yorkville Advisors Global LP at GBP0.08564 per share, under the terms of the USD4.3 million convertible unsecured loan between the two parties unveiled in November 2013.
Caza shares were Friday quoted at 10.00 pence, flat.
In a statement, Caza, which is engaged in the acquisition, exploration, development and production of hydrocarbons in the US, said it is issuing the shares to UA Global Master SPV Ltd after receiving a conversion notice on April 22.
After the shares are admitted to trading on AIM, there will be about 198.1 million Caza shares in admission.
By Samuel Agini; [email protected]; @samuelagini
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