Caldera looking for $5 M in private placement funding

In Canada, Caldera Geothermal Inc. says it intends to complete a best-efforts brokered private placement for up to $5 Million, on a subscription receipts basis. The company will offer up to 14,285,715 units at $0.35. Each unit consists of one common share of Caldera and one half of one warrant, and each whole warrant exercisable into one common share of Caldera at $0.45 for a period of two years from the date of issuance. A syndicate of investment dealers and exempt market dealers led by Versant Partners Inc. and including Canaccord Genuity Corp., Wellington West Capital Markets Inc., and Foundation Markets Inc., will place the offering. The announcement was posted by Capricorn Business Acquisitions Inc., a capital pool company. Capricorn said in April that it intends to acquire all issued and outstanding securities of Caldera.