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Captiva Verde closes private placement for $2.48M
2020-02-14 18:32 ET - News Release
Mr. Jeffrey Ciachurski reports
CAPTIVA VERDE LAND CORP. COMPLETES NON-BROKERED PRIVATE PLACEMENT OF UNITS
Captiva Verde Land Corp. has closed a non-brokered private placement consisting of 9.92 million units at a price of 25 cents per unit for gross proceeds of $2.48-million. Each unit is composed of one common share of the company and one-half of one common share purchase warrant of the company. Each whole warrant will be exercisable into an additional common share of the company at an exercise price of 75 cents expiring on Feb. 14, 2022. All securities sold in this private placement are subject to a statutory four-month hold period from closing in accordance with applicable securities legislation. The proceeds of the private placement will be used for general working capital.
No finders' fees were paid in connection with the private placement.
We seek Safe Harbor.
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