Caiterra International Energy Corporation (TSXV:CTI) announced a non-brokered private placement of 14,000,000 common shares at a price of CAD 0.25 per common share for gross proceeds of CAD 3,500,000 and 5,000,000 flow through share units at a price of CAD 0.30 per flow-through shares for gross proceeds of CAD 1,500,000 on October 30, 2014. The company may pay a finder fee of up to CAD 350,000, equal to 7% of the gross proceeds. The transaction is subject to customary conditions and the receipt of required regulatory approvals, including the approval of the TSX Venture Exchange.

The securities issuable will be subject to a four-month hold period under applicable Canadian securities laws.