Captiva Verde Announces Increase of Private Placement and Closing of Tranche One

Core Viewpoint - Captiva Verde Wellness Corp. has announced an increase in its private placement from 150 million units to 160 million units, aiming to raise up to C$3.2 million for general working capital and sustainable real estate projects [1] Group 1: Private Placement Details - The private placement will consist of 160 million units priced at C$0.02 per unit, with each unit comprising one common share and one common share purchase warrant [1] - Each warrant allows the holder to acquire an additional common share at an exercise price of C$0.05 for three years [1] - The company has already received funds for 10 million units and will close this first tranche, with the second tranche of 150 million units expected to close within 45 days [1] Group 2: Option Agreement - Under an Option Agreement, the Strasser Group has granted the company the option to identify purchasers of up to 37 million common shares at a price of C$0.02 per share [4] - The option can be exercised in three tranches, with 12.3 million shares already purchased on October 31, 2024, and the second tranche to be funded this week [4]