RE:Cross River Q&Aand
On August 10, 2015, the Offeror acquired an aggregate of 5,200,000 Units at a price of Cdn.$0.25 per Unit. Each Unit consists of one common share (“Common Share”) of Captiva Verde Industries Ltd.
As a result of the Offeror’s purchase of the Units, Cross River is deemed to beneficially own 7,800,000 Common Shares, which includes the 5,200,000 Common Shares that it purchased in the Offering and the 2,600,000 Common Shares issuable pursuant to the 2,600,000 Warrants the Offeror purchased in the Offering, and the Manager has direction and control over the Units held by Cross River (the “Offeror’s Deemed Ownership”)