CAPTIVA ANNOUNCES CLOSING OF PRIVATE PLACEMENT CAPTIVA ANNOUNCES CLOSING OF PRIVATE PLACEMENT
Coquitlam, British Columbia (December 23, 2022) – Captiva Verde Wellness Corp. (CSE:
PWR) (OTC: CPVIF) (the “Company”) is pleased to announce, further to its news release of
November 22, 2022, that it has closed a non-brokered private placement (the “Private
Placement”) consisting of 20,000,000 units of the Company (the “Units”) at a price of $0.02 per
Unit for gross aggregate proceeds of $400,000.
Each Unit consisted of one common share of the Company (each, a “Common Share”) and
one common share purchase warrant (each, a “Warrant”), with each Warrant entitling the
holder thereof to acquire one common share of the Company (a “Warrant Share”) at a price of
$0.05 for a period of five years following the closing of the Private Placement.
All securities issued pursuant to the Private Placement are subject to a statutory hold period
expiring on April 24, 2023 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.
The securities offered pursuant to the Private Placement have not been, and will not be,
registered under the U.S. Securities Act of 1933, as amended (the “U.S. Securities Act”) or any
U.S. state securities laws, and may not be offered or sold in the United States or to, or for the
account or benefit of, United States persons absent registration or any applicable exemption
from the registration requirements of the U.S. Securities Act and applicable U.S. state securities
laws. This news release shall not constitute an offer to sell or the solicitation of an offer to buy
securities in the United States, nor shall there be any sale of these securities in any jurisdiction
in which such offer, solicitation or sale would be unlawful.
On Behalf of the Board of Directors
Jeffrey Ciachurski
Chief Executive Officer and Director
Cell: (949) 903-5906
Email: westernwind@shaw.ca