Talara Acquires Caza Oil & Gas for $45.5 Million
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On December 23, 2015 Talara acquired ownership and control of Caza Oil & Gas, Inc.‘s common shares pursuant to a private placement transaction. The acquired shares represented approximately 97.16 percent of the total common shares outstanding following completion. The aggregate subscription price paid by Talara under the private placement was US$45,500,000.
Talara acquired the Caza common shares for investment purposes. Talara may in the future change its ownership or control of Caza securities based on its assessment of market conditions and any other factors it might consider relevant at the time.
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