Caza Oil & Gas, Inc.
Not for Dissemination in the United
States or to any United States News Service
November 18, 2015
Caza Oil & Gas, Inc.
ISSUE OF EQUITY
HOUSTON, TEXAS (Marketwire - November
18, 2015) - Caza Oil & Gas, Inc. ("Caza" or the "Company") (TSX: CAZ) (AIM: CAZA)
announces that it has issued 24,537,897 common shares (the
"New Common Shares") to YA Global Master SPV Ltd.,
an investment fund managed by Yorkville Advisors Global, LP, and
Global Market Neutral Strategies SICAV P.L.C. (collectively, the
"Investors") at a price of £0.004649 per share pursuant to
receiving a conversion notice on November 4, 2015, and in
accordance with the terms of the $4.0 million convertible unsecured
loan between the Company and the Investors, which was announced on
February 19, 2015.
Application has been made to the
London Stock Exchange for the New Common Shares, which will rank
pari passu with the Company's outstanding common shares, to be
admitted to trading on AIM, and admission is expected to become
effective on November 23, 2015.
Following admission, the Company will
have 280,110,857 common shares outstanding. The figure of
280,110,857 common shares may be used by shareholders as the
denominator for the calculations by which they will determine if
they are required to notify their interest in, or change their
interest in, the Company under the Financial Conduct Authority's
Disclosure and Transparency Rules.
About Caza
Caza is engaged in the acquisition,
exploration, development and production of hydrocarbons in the
following regions of the United States of America through its
subsidiary, Caza Petroleum, Inc.: Permian Basin (Southeast New
Mexico and West Texas) and Texas and Louisiana Gulf Coast
(on-shore).
For further information, please
contact:
Caza Oil & Gas, Inc.
Michael Ford,
CEO
+1 432 682 7424
John McGoldrick,
Chairman +351 282 471 010
(Portugal)
Cenkos Securities plc
Neil
McDonald
+44 131 220 6939 (Edinburgh)
Nick
Tulloch
+44 131 220 9772 (Edinburgh)
VIGO Communications
Chris
McMahon
+44 20 7016 9570
The Toronto Stock Exchange has neither
approved nor disapproved the information contained
herein.
ADVISORY STATEMENT
Information in this news release that
is not current or historical factual information may constitute
forward-looking information within the meaning of securities
laws. Such information is often, but not always, identified
by the use of words such as "seek", "anticipate", "plan",
"schedule", "continue", "estimate", "expect", "may", "will",
"hope", "project", "predict", "potential", "intend", "could",
"might", "should", "believe", "develop", "test", "anticipation" and
similar expressions. In particular, information regarding the
price, issuance and admission to trading of New Common Shares
contained in this news release constitutes forward-looking
information within the meaning of securities laws.
Such forward looking information is
subject to certain risks, assumptions and uncertainties including
the assumption that the conversion notice and issuance of New
Common Shares disclosed herein shall be completed in accordance
with the convertible loan agreement. For more exhaustive
information on these risks, assumptions and uncertainties you
should refer to the Company's most recently filed annual
information form which is available at www.sedar.com and the
Company's website at www.cazapetro.com. You should not place
undue importance on forward-looking information and should not rely
upon this information as of any other date. While we may
elect to, we are under no obligation and do not undertake to update
this information at any particular time except as may be required
by securities laws.
This news release is not for
dissemination in the United States or to any United States news
services. The New Common Shares have not been and will not be
registered under the United States Securities Act of 1933, as
amended (the "U.S. Securities Act") or any state securities laws
and may not be offered or sold in the United States or to any U.S.
person except in certain transactions exempt from the registration
requirements of the U.S. Securities Act and applicable state
securities laws. This press release does not constitute an offer to
sell or solicitation of an offer to buy any securities, nor shall
there be any sale of securities in any state in the United States
in which such offer, solicitation or sale would be
unlawful.