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Caza Gold Corp. (CVE:CZY) reports that it has arranged a non-brokered private placement equity financing of up to $8.0 million.
The press release is quoted as saying:
The private placement consists of up to 16 million units priced at CA$0.50 per unit. Each unit will consist of one common share and one-half common share purchase warrant. Each full warrant may be converted into one common share upon payment of $0.70 within an 18 month period from the closing date. A finders’ fee of 7% in cash may be applicable to portions of the private placement.