Captiva Verde Industries Ltd ARDWF

Financing

[desertmule]

Captiva Verde arranges convertible debenture financing Captiva Verde Industries Ltd (C:VEG) Shares Issued 21,513,896 Tuesday September 27 2016 - News Release Mr. Ross Drysdale reports CAPTIVA VERDE ANNOUNCES PRIVATE PLACEMENT OF CONVERTIBLE DEBENTURES Captiva Verde Industries Ltd. is proceeding with a private placement for a minimum of $2-million and a maximum of $4-million of 8-per-cent convertible debentures of the company. The principal under the Debentures will be convertible, at the holder's option, into fully paid and non-assessable units of the Company (the "Units") at a conversion price of $0.15 per Unit. The Debentures will mature three years following the closing of the Offering. Each Unit will consist of one common share in the capital of the Company plus one-half of one common share purchase warrant (the "Warrants"). Each whole Warrant will entitle the holder to purchase one additional common share in the capital of the Company (a "Warrant Share") at a price of $0.20 per Warrant Share for a period of two years from the closing of the Offering. The Company may pay finder's fee on the Offering to qualified agents or investment dealers for up to 8% cash based on placements made by that agent within the amount permitted by the policies of the Canadian Securities Exchange (the "Exchange"). Closing of the Offering is subject to a number of conditions, including receipt of all necessary corporate, regulatory and Exchange approvals. All securities issued in connection with the Offering will be subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities legislation. The net proceeds from the private placement will be used by the Company for working capital and its Farming Plan. The Company also advises that the expiry of the 8% $500,000 secured loan, which was issued on May 10, 2016, has been extended to October 31, 2016. The Board of Directors has been working with current management to bring in working capital to stabilize and execute the next steps of the business plan for the Company. We seek Safe Harbor.