Captiva Announces Upsize of Private PlacementCoquitlam, British Columbia--(Newsfile Corp. - November 5, 2021) - Captiva Verde Wellness Corp. (CSE: PWR) (OTC Pink: CPIVF) (the "Company") is pleased to announce that due to market demand, the Company has increased the size of its previously announced non-brokered private placement from $600,000 to $720,000. The upsized offering (the "Offering") will consist of up to 12,000,000 units of the Company (collectively, the "Units") at a price of $0.06 per Unit for aggregate gross proceeds of up to $720,000.
Each Unit will consist of one common share of the Company (each, a "Common Share") and one common share purchase warrant (each, a "Warrant"). Each Warrant will entitle the holder thereof to acquire, on payment of $0.10 to the Company, one common share of the Company for a period of 24 months from the date of issuance of the Warrants. The use of funds is general working capital.
On Behalf of the Board of Directors
Jeffrey Ciachurski