Caldera Announces Closing of First Tranche of Private Placement
Montreal, February 11, 2011 – Caldera Resources Inc. (tsx-v: CDR) (“Caldera” or the “Corporation”), announces that it is undertaking a non-brokered private placement financing consisting of up to 7,500,000 units (the “Units”) at a price of $0.14 per Unit to qualified investors, to raise up to $1,050,000. The first tranche of the private placement, totaling 5,250,000 Units is expected to close later today, for a total gross proceeds of $735,000.
The Units consists of one (1) common share and one (1) share purchase warrant, providing the holder with the right to purchase 1 additional share for $0.20 per Share. The Warrants expire in 24 months from the closing and are subject to an “Acceleration Right” in favour of the …
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