Caiterra International Energy Corporation announced that it has received CAD 3.18 million in funding.
On June 9, 2014, the company announced that it has amended the terms of the transaction. The company will now issue 30,000,000 units for gross proceeds of CAD 3,000,000.
On July 8, 2014, the company announced that TSX Venture Exchange has accepted filing documentation with respect to the transaction. The company will issue units to 13 placees, including Tian Ping Wu for 220,000 units, Wei Wu, a director of the company for 200,000 units, Bing Xiao Wu for 4,600,000 units, and Xiang Pu, a director of the company for 2,000,000 units. The company will pay finder's fees of CAD 148,800 in cash to HK Sunshine Wealth Investment Co., Limited.
On July 8, 2014, Caiterra International Energy Corporation closed the transaction. The company has issued 31,820,000 units for gross proceeds of CAD 3,182,000. Wei Wu along with his spouse and his mother-in-law has subscribed the units along with other investors. The securities hold period will expire November 9, 2014.