Organto Closes C$1.0 M Private Placement Financing with Strategic Investor
Organto Foods (OTC:OGOFF) has successfully closed a C$1.0 million private placement with a strategic investor. The company issued 4,000,000 units at $0.25 per unit, with each unit comprising one common share and one-half warrant.
Each whole warrant allows the purchase of one additional common share at $0.35 until December 26, 2026. The proceeds will be used for general working capital. A finder's fee of $60,000 was paid in connection with the placement. The securities are subject to a hold period until October 27, 2025.
Organto Foods (OTC:OGOFF) ha completato con successo un collocamento privato da 1,0 milioni di dollari canadesi con un investitore strategico. La società ha emesso 4.000.000 di unità al prezzo di 0,25 dollari per unità, ciascuna composta da un'azione ordinaria e da mezza warrant.
Ogni warrant intero consente l'acquisto di un'ulteriore azione ordinaria al prezzo di 0,35 dollari fino al 26 dicembre 2026. I proventi saranno utilizzati per il capitale circolante generale. È stata corrisposta una commissione di intermediazione di 60.000 dollari in relazione al collocamento. I titoli sono soggetti a un periodo di blocco fino al 27 ottobre 2025.
Organto Foods (OTC:OGOFF) ha cerrado con éxito una colocación privada de 1,0 millones de dólares canadienses con un inversor estratégico. La compañía emitió 4.000.000 de unidades a 0,25 dólares por unidad, cada unidad compuesta por una acción común y una mitad de warrant.
Cada warrant completo permite la compra de una acción común adicional a 0,35 dólares hasta el 26 de diciembre de 2026. Los fondos se utilizarán para capital de trabajo general. Se pagó una comisión de intermediación de 60.000 dólares en relación con la colocación. Los valores están sujetos a un período de retención hasta el 27 de octubre de 2025.
Organto Foods (OTC:OGOFF)는 전략적 투자자와 함께 100만 캐나다 달러 규모의 사모 발행을 성공적으로 마감했습니다. 회사는 4,000,000 단위를 단가 0.25달러에 발행했으며, 각 단위는 보통주 1주와 워런트 0.5개로 구성되어 있습니다.
워런트 1개는 2026년 12월 26일까지 0.35달러에 추가 보통주 1주를 구매할 수 있는 권리를 제공합니다. 자금은 일반 운전자본으로 사용될 예정입니다. 발행과 관련하여 60,000달러의 중개 수수료가 지급되었습니다. 증권은 2025년 10월 27일까지 보호예수 기간이 적용됩니다.
Organto Foods (OTC:OGOFF) a réussi à clôturer un placement privé de 1,0 million de dollars canadiens avec un investisseur stratégique. La société a émis 4 000 000 d’unités au prix de 0,25 $ par unité, chaque unité comprenant une action ordinaire et un demi-warrant.
Chaque warrant complet permet d’acheter une action ordinaire supplémentaire à 0,35 $ jusqu’au 26 décembre 2026. Les fonds seront utilisés pour le fonds de roulement général. Une commission de placement de 60 000 $ a été versée en lien avec cette opération. Les titres sont soumis à une période de blocage jusqu’au 27 octobre 2025.
Organto Foods (OTC:OGOFF) hat erfolgreich eine Private Placement in Höhe von 1,0 Mio. CAD mit einem strategischen Investor abgeschlossen. Das Unternehmen gab 4.000.000 Einheiten zu je 0,25 CAD pro Einheit aus, wobei jede Einheit aus einer Stammaktie und einer halben Warrant besteht.
Jeder volle Warrant berechtigt zum Kauf einer zusätzlichen Stammaktie zu 0,35 CAD bis zum 26. Dezember 2026. Die Erlöse werden für das allgemeine Betriebskapital verwendet. Im Zusammenhang mit der Platzierung wurde eine Vermittlungsgebühr von 60.000 CAD gezahlt. Die Wertpapiere unterliegen einer Haltefrist bis zum 27. Oktober 2025.
- Secured C$1.0 million in additional working capital
- Strategic investor participation indicates external confidence
- Warrants provide potential for additional future capital at $0.35 per share
- 6% finder's fee reduces net proceeds to $940,000
- Potential future dilution if warrants are exercised
- 25% discount to warrant exercise price suggests current market weakness
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
VANCOUVER, BC AND BREDA, NETHERLANDS / ACCESS Newswire / June 26, 2025 / Organto Foods Inc. (TSX-V:OGO)(OTC:OGOFF) ("Organto" or the "Company") today announced it has closed its previously announced non-brokered private placement (see June 18, 2025 press release) of 4,000,000 units of the Company (the "Units") at a price of
Each Unit issued consists of one Common Share in the capital of the Company (a "CommonShare") and one-half of one common share purchase warrant of the Company (a "Warrant").
Each whole Warrant entitles the holder to acquire one Common Share (a "Warrant Share") at an exercise price of
The Company will use the net proceeds of the Private Placement to fund general working capital.
The Common Shares, Warrants and any Warrant shares issued upon exercise of the Warrants are subject to a hold period and may not be traded until October 27, 2025 except as permitted by appliable securities legislation. In consideration for arranging the Private Placement, the Company paid a cash finder's fee in the amount of
ON BEHALF OF THE BOARD
Steve Bromley
Chairman and CEO
For more information, contact:
Investor Relations
John Rathwell, Senior Vice President, Investor Relations & Corporate Development
647 629 0018
info@organto.com
ABOUT ORGANTO
Organto is a leading provider of branded, private label, and distributed organic and non-GMO fruit and vegetable products using a strategic asset-lighter business model to serve a growing socially responsible and health-conscious consumers. Organto's business model is rooted in its commitment to sustainable business practices focused on environmental responsibility and a commitment to the communities where it operates, its people, and its shareholders.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
FORWARD LOOKING STATEMENTS
This news release may include certain forward-looking information and statements, as defined by law, including without limitation, Canadian securities laws and the "safe harbor" provisions of the US Private Securities Litigation Reform Act ("forward-looking statements"). In particular, and without limitation, this news release contains forward-looking statements respecting the Company's use of net proceeds from the Private Placement. Forward-looking statements are based on a number of assumptions that may prove to be incorrect, including, without limitation, the assumption that the Company will use the net proceeds from the Private Placement for general working capital purposes. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Factors that could cause actual results to differ materially from those anticipated in forward-looking statements in this news release include, among others, uncertainty regarding the regulatory risks; risks related to market volatility and economic conditions; risks related to unforeseen delays; and risks that necessary financing will be unavailable when needed. For further information on these and other risks and uncertainties that may affect the Company's business, see the "Risks and Uncertainties" and "Forward-Looking Statements" sections of the Company's annual and interim management's discussion and analysis filings with the Canadian securities regulators, which are available under the Company's profile at www.sedarplus.ca. Except as required by law, Organto does not assume any obligation to release publicly any revisions to forward-looking statements contained in this news release to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
SOURCE: Organto Foods, Inc.
View the original press release on ACCESS Newswire
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