Captiva Verde Land Corp. (CNSX:PWR) announced a fully subscribed private placement of 3,000,000 units at a price of CAD 0.20 per unit for gross proceeds of CAD 600,000 on April 16, 2019. Each unit consists of one common share and one half of one common share purchase warrant of the company. Each warrant will entitle its holder to acquire one additional common share of the company at an exercise price of CAD 0.35 per share for a period of 12 months from the date of closing. The transaction is subject to regulatory approval. All the securities issued in the transaction are subject to a hold period of four months from the date of closing. The transaction was oversubscribed.