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File: Captiva - news release announcing closing of the 3rd and 4th tranches.pdf
---> 9
Landport
New
--->port
Beach,
California
---> 92660
--->Phone:
949.903.5906
--->
For
Immediate
Release
Monday
July
27,
2015
Calgary,
Alberta
Canadian
Securities
Exchange
Symbol:
VEG
27,785,896
Common
Shares
Issued
CAPTIVA VERDE CLOSES FURTHER TRANCHE OF PRIVATE PLACEMENT
CALGARY,
ALBERTA
�July
27,
2015
Captiva
Verde
Industries
Ltd.
("Captiva
Verde"
or
the
"Company")
announces,
further
to
its
news
release
of
July
17,
2015,
that
the
Company
has
closed
the
third
and
fourth
tranches
of
the
non-
brokered
private
placement
of
units
of
the
Company
(the
"Units")
at
$0.25
per
Unit
(the
"Offering")
for
aggregate
gross
proceeds
of
$225,000.
The
third
tranche
closing
consisted
of
200,000
Units
for
gross
proceeds
of
$50,000
and
the
fourth
tranche
closing
consisted
of
700,000
Units
for
gross
proceeds
of
$175,000.
Each
Unit
consisted
of
one
common
share
in
the
capital
of
the
Company
(the
"Shares")
plus
one-
half
of
one
common
share
purchase
warrant.
Each
whole
warrant
will
entitle
the
holder
to
purchase
one
additional
Share
at
a
price
of
$0.30
for
a
period
of
one
year
from
the
date
of
issuance.
In
connection
with
the
Offering,
the
Company
has
paid
cash
commission
in
the
amount
of
$5,000
for
the
third
tranche
and
$17,500
for
the
fourth
tranche,
being
10%
of
the
aggregate
proceeds
from
the
sale
of
Units
to
purchasers
introduced
by
the
finders.
The
Company
has
also
issued
non-
transferable
warrants
(the
"Finder's
Warrants")
to
acquire
a
total
of
12,000
Shares
for
the
third
tranche
and
Finder's
Warrants
to
acquire
a
total
of
42,000
Shares
for
the
fourth
tranche,
being
6%
of
the
number
of
Units
sold
under
the
Offering
to
purchasers
introduced
by
the
finders.
Each
Finder's
Warrant
entitles
the
holder
to
purchase
one
Share
at
a
price
of
$0.30
per
Share
for
a
period
of
five
years
from
the
date
of
issuance.
All
securities
issued
in
connection
with
the
Offering
are
subject
to
a
statutory
hold
period
of
fourth
months
plus
a
day
in
accordance
with
applicable
securities
legislation
ending
on
November
25,
2015
for
the
third
tranche
and
ending
on
November
27,
2015
for
the
fourth
tranche.
The
net
proceeds
received
from
the
Offering
will
be
used
by
the
Company
to
advance
its
Farming
Plan.
The
Company
will
be
proceeding
with
a
further
tranche
of
the
Offering.
On
behalf
of
the
Board
of
Directors
of
the
Company
and
for
further
information,
please
contact:
Jeffrey Ciachurski Michael Boyd
Chairman and Chief Executive Officer Director
9 Landport, Newport Beach, Tucson, Arizona
California, USA 92660 Office: (502) 275-0979
Cell: (949) 903-5906 E-mail: azmboyds@aol.com
E-mail: westernwind@shaw.ca
Website: www.veg.net
READER ADVISORY
The CSE has neither approved nor disapproved the information contained herein.
This news release contains forward-looking statements. The Company has provided the forward-looking statements in
reliance on assumptions that it believes are reasonable at this time. The reader is cautioned that the assumptions use
--->d in
the preparation of the forward-looking statements may prove to be incorrect. All such forward-looking statements invol
--->ve
substantial known and unknown risks and uncertainties, certain of which are beyond the Company's control. Such risks
and uncertainties include, without limitation, delays resulting from or inability to obtain required regulatory approv
--->al. The
actual results, performance or achievements could differ materially from those expressed in, or implied by, these
forward-looking statements and, accordingly, no assurances can be given that any of the events anticipated by the
forward-looking statements will transpire or occur, or if any of them do, what benefits, including the amount of proce
--->eds,
the Company will derive therefrom. Readers are cautioned that the foregoing list of factors is not exhaustive.
--->
CAPTIVA
VERDE
INDUSTRIES
LTD.
9
Landport,
Newport
Beach,
California
92660
|
PH:
949.903.5906
-
2
-
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