Captiva Verde Land Corp. (CNSX:PWR) announced a fully subscribed private placement of 12,000,000 units at a price of CAD 0.25 per unit for gross proceeds of CAD 3,000,000 on July 23, 2019. Each unit consists of one common share and 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 0.75 per share for a period of 24 months from the date of issuance. All the securities issued in the transaction are subject to a hold period of four months from the date of closing.