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CTI Caiterra International Energy Corp

0.01
0.00 (0.00%)
15 Oct 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Caiterra International Energy Corp TSXV:CTI TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.01 0.005 0.01 0 01:00:00

CaiTerra International Energy Corp.: Press Release

22/10/2012 2:00pm

Marketwired Canada


CaiTerra International Energy Corp. (TSX VENTURE:CTI) ("CTI" or the "Company")
announces today that Mr. David McMillan has resigned as a director of the
Company. Company management would like to thank Mr. McMillan for his insight and
contributions and wish him good luck in his future endeavors. To fill the
vacancy left by Mr. McMillan, the board of directors announces that subject to
regulatory approval, they have appointed Dr. PU, Xiang as an independent
director of the Company to fill the vacancy created by Mr. McMillan. Dr. PU
graduated from the Kun Ming College of Medicine in 1983 and from 1983 to 1992
served as the Chief of Surgery at the Yunnan People's Hospital. Mr. PU
immigrated to Canada in 1999 and from 2001 to 2005, Dr. Pu served as the
President of the Canada - Yunnan United Service Association and from 2005 to
present, Dr. Pu served as the President of the Chinese Canadian United Community
Services Association. From 2007 to present, he has also been a senior investment
consultant to the Yunnan North American Investment Company.


Furthermore, the Company has appointed an existing independent director, Mr.
Baoqiang Lu, as a member of the audit committee.


Management is also pleased to announce that it has entered into an agreement
with Gale Capital Corporation to provide contracted investor and public
relations functions. The contract, which is subject to TSX Venture approval, is
for an initial trial period of 3 month and renewable with 30 day-notice. The
terms of the contract require a payment of $10,000 per month and an option to
acquire up 1,200,000 shares of capital stock of the Company at $0.20 per share.


ON BEHALF OF THE BOARD

Craig Robson, Chief Executive Officer

FOR FURTHER INFORMATION PLEASE CONTACT: 
CaiTerra International Energy Corp.
Craig Robson
Chief Executive Officer and Director
778.329.9629
craig@copperpointmining.ca

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