September 8, 2017
CAPTIVA VERDE LAND CORP. ANNOUNCES COMPLETION UNIT FINANCING
Captiva Verde Land Corp. (“Captiva Land” or the “Company”) is pleased to announce that it has closed a non-brokered private placement of 5,610,000 units of the Company (the “Units”) at $0.05 per Unit for gross proceeds of approximately $280,500 (the “Offering”). The Offering closed in three tranches, the first consisting of 4,560,000 units on July 4, 2017, the second consisting of 900,000 Units on September 6, 2017 and the third on September 7, 2017 consisting of 150,000 Units.
Each Unit consists of one common share in the capital of the Company (a “Share”) and one-half of a share purchase warrant (each whole warrant, a “Warrant”). Each Warrant entitles the holder to purchase one additional common share in the capital of the Company (a “Warrant Share”) at a price of $0.10 per Warrant Share for a period of 60 months. All securities issued in connection with the Offering are subject to a statutory hold period ending on the date which is four months and one day following the issue date in accordance with applicable securities legislation.
The Company paid $5,075 in finder’s fees in connection with the Offering.
For further information, please contact Mr. Jeffrey Ciachurski at telephone no.: 949-903-5906 or view the Company’s filings at www.SEDAR.com.
ON BEHALF OF THE BOARD OF DIRECTORS
Jeff J. Ciachurski
Chief Executive Officer