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Captiva Verde Industries Ltd ARDWF

"Captiva Verde Industries Ltd is primarily involved in the production and sale of organic greens and other organic produce. Its product portfolio comprises baby spinach, kale, lettuce, arugula, kale, chard, and mizuna. The company has two geographic segments - Canada and the United States."


GREY:ARDWF - Post by User

Post by calicheon Nov 21, 2017 3:51pm
162 Views
Post# 27006325

PI will act as agent for the IPO

PI will act as agent for the IPO

Captiva Verde Land Corp. (“Captiva Land” or the “Company”), is pleased to announce that it has filed a preliminary long form prospectus with the securities regulatory authorities in the provinces of British Columbia, Alberta and Ontario, in connection with a proposed initial public offering of common shares (the “Common Shares”) of the Company (the “Offering”). British Columbia has been identified as the principal regulator. 

 

The Offering will consist of the sale of Common Shares at a price of $0.10 per Common Share. A minimum of 3,500,000 Common Shares and maximum of 5,000,000 Common Shares will be sold under the Offering for minimum gross proceeds of $350,000 and up to maximum gross proceeds of $500,000. The Company has engaged PI Financial Corp. (the “Agent”) to act as Agent for the Offering on a commercially reasonable efforts basis. 

 

In connection with the Offering, the Company has applied to list its Common Shares on the Canadian Securities Exchange (the “CSE”). There can be no assurance that the CSE will provide conditional or final approval of the Company’s application. The Company expects that the listing will be completed on or before closing of the Offering and will issue a further news release upon receipt of conditional listing approval from the CSE. 

 

The Offering is subject to customary closing conditions, including regulatory approvals. The Company is proposing to use the net proceeds of the Offering for acquisition financing, site development, other capital projects, and general corporate purposes. 

 

A copy of the preliminary prospectus is available under the Company’s SEDAR profile at www.sedar.com. There will not be any sale or any acceptance of an offer to buy the securities until a receipt for the final prospectus in respect of the Offering has been issued. 

 

The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons absent registration or an applicable exemption from the registration requirements. This news release will not constitute an offer to sell or the solicitation of an offer to buy nor will there be any sale of the securities in any State in which such offer, solicitation or sale would be unlawful.

 

For further information, please contact Mr. Jeffrey Ciachurski or view the Company’s filings at www.SEDAR.com. 

 

On Behalf Of the Board of Directors 

 

For further information, please contact: Jeffrey Ciachurski Chief Executive Officer and Director Cell: (949) 903-5906 E-mail: westernwind@shaw.ca

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