Mr.
Craig Robson reports
CAITERRA INTERNATIONAL ENERGY CORPORATION ANNOUNCES PURCHASE OF UNDEVELOPED OIL AND GAS LEASES IN ALBERTA
Caiterra International Energy Corp., subject to regulatory approvals, has entered into an agreement on July 25, 2014, to acquire an undivided 100-per-cent beneficial interest in and to a total of 135.68 square kilometres of oil and gas leases located in Northern Alberta and central Alberta. The agreement was reached between the company and BowRiver Development Canada Ltd. of Calgary, Alta. Consideration for the purchase of the leases and lands described in the attached table requires the payment to BowRiver of one million common shares of the capital stock of Caiterra.
Leases or
licences Lands and rights Area in total
5412090365 PNG 5-22-112 Section 30-31 5-23-112
Sec: 1-4, 9-12, 14-15, 22-23, 25-27 6,144 ha
5412090355 5-22-111 Sec: 11-16, 19-35, 5-22-112
Sec: 2-6 7,168 ha
0413090081 4-27-039 Sec: 18 256 ha
Total area 13,568 ha equals 135.68
square km
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