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Caza Oil & Gas Places Common Shares

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July 3, 2014

Caza Oil & Gas Inc. (TO: CAZ.TO, OTC: CAZFF) conditionally raised about US$10 million (CA$10.7 million) in gross proceeds from the placement of about 32.7 million common shares, the company said July 1.

The Woodlands, Texas-based company will use the proceeds to support the Bone Spring drilling program’s expansion, as well as to support general corporate purposes, Caza said in a press release. In Lea and Eddy counties, N.M., asset acquisitions that could drill Bone Spring were identified, the company said. Currently, Caza has more than 300 drilling locations and ...

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