Organto Foods Announces C$7.0 M Private Placement
Organto Foods (OTC:OGOFF) has announced a non-brokered private placement to raise C$7.0 million through the issuance of up to 14 million units at C$0.50 per unit. Each unit includes one common share and one-half warrant, with each full warrant exercisable at C$0.75 for 18 months.
The company may pay finder's fees of up to 7.5% cash commission. The proceeds will support the growth of Organto's organic and fairtrade fruit and vegetable products and technology platform, along with general working capital. The private placement is subject to TSX Venture Exchange approval and includes a four-month hold period plus a twelve-month contractual transfer restriction.
Organto Foods (OTC:OGOFF) ha annunciato un collocamento privato senza intermediari per raccogliere 7,0 milioni di dollari canadesi tramite l'emissione di fino a 14 milioni di unità a 0,50 C$ ciascuna. Ogni unità comprende un'azione ordinaria e mezza warrant, con ogni warrant completo esercitabile a 0,75 C$ per 18 mesi.
L'azienda potrebbe corrispondere commissioni di ricerca fino al 7,5% in contanti. I fondi raccolti sosterranno la crescita dei prodotti biologici e fairtrade di frutta e verdura di Organto e della piattaforma tecnologica, oltre al capitale circolante generale. Il collocamento privato è soggetto all'approvazione della TSX Venture Exchange e prevede un periodo di blocco di quattro mesi più una restrizione contrattuale di trasferimento di dodici mesi.
Organto Foods (OTC:OGOFF) ha anunciado una colocación privada sin intermediarios para recaudar 7,0 millones de dólares canadienses mediante la emisión de hasta 14 millones de unidades a 0,50 C$ por unidad. Cada unidad incluye una acción común y media warrant, siendo cada warrant completo ejercitable a 0,75 C$ durante 18 meses.
La compañía podría pagar comisiones de búsqueda de hasta un 7,5% en efectivo. Los fondos se destinarán a apoyar el crecimiento de los productos orgánicos y de comercio justo de frutas y verduras de Organto y su plataforma tecnológica, además del capital de trabajo general. La colocación privada está sujeta a la aprobación de la TSX Venture Exchange e incluye un período de retención de cuatro meses más una restricción contractual de transferencia de doce meses.
Organto Foods (OTC:OGOFF)는 중개인 없이 진행하는 사모 발행을 통해 700만 캐나다 달러를 조달하고자 최대 1,400만 단위를 단위당 0.50 캐나다 달러에 발행할 예정입니다. 각 단위에는 보통주 1주와 워런트 0.5주가 포함되며, 워런트 1주는 18개월 동안 0.75 캐나다 달러에 행사 가능합니다.
회사는 최대 7.5% 현금 수수료를 지급할 수 있습니다. 조달된 자금은 Organto의 유기농 및 공정무역 과일과 채소 제품과 기술 플랫폼의 성장, 그리고 일반 운전자본 지원에 사용됩니다. 이 사모 발행은 TSX 벤처 거래소의 승인을 받아야 하며, 4개월의 보유 기간과 12개월의 계약상 양도 제한이 포함됩니다.
Organto Foods (OTC:OGOFF) a annoncé un placement privé sans intermédiaire visant à lever 7,0 millions de dollars canadiens par l'émission de jusqu'à 14 millions d'unités au prix de 0,50 C$ l'unité. Chaque unité comprend une action ordinaire et un demi-bon de souscription, chaque bon complet étant exerçable à 0,75 C$ pendant 18 mois.
La société pourrait verser des frais de recherche pouvant atteindre 7,5% de commission en espèces. Les fonds levés soutiendront la croissance des produits biologiques et équitables de fruits et légumes d'Organto ainsi que sa plateforme technologique, en plus du fonds de roulement général. Le placement privé est soumis à l'approbation de la TSX Venture Exchange et comprend une période de blocage de quatre mois ainsi qu'une restriction contractuelle de transfert de douze mois.
Organto Foods (OTC:OGOFF) hat eine nicht vermittelte Privatplatzierung angekündigt, um 7,0 Millionen kanadische Dollar durch die Ausgabe von bis zu 14 Millionen Einheiten zu je 0,50 C$ zu beschaffen. Jede Einheit umfasst eine Stammaktie und eine halbe Warrant, wobei jeder volle Warrant für 18 Monate zu 0,75 C$ ausgeübt werden kann.
Das Unternehmen kann Findergebühren von bis zu 7,5% Barprovision zahlen. Die Erlöse dienen der Unterstützung des Wachstums von Organtos Bio- und Fairtrade-Obst- und Gemüseprodukten sowie der Technologieplattform und dem allgemeinen Betriebskapital. Die Privatplatzierung unterliegt der Genehmigung der TSX Venture Exchange und beinhaltet eine viermonatige Sperrfrist sowie eine zwölfmonatige vertragliche Übertragungsbeschränkung.
- None.
- Significant dilution with up to 14 million new shares being issued
- Additional dilution possible from 7 million warrant shares
- 12-month transfer restriction may limit investor liquidity
- Up to 7.5% finder's fees will reduce net proceeds
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
VANCOUVER, BC / ACCESS Newswire / July 31, 2025 / Organto Foods Inc. (TSXV:OGO)(OTC PINK:OGOFF) ("Organto" or the "Company") is pleased to announce that it has arranged a non-brokered private placement of up to 14,000,000 units of the Company (the "Units") at a price of
Each full Warrant shall entitle the holder thereof to acquire one Common Share (a "Warrant Share") at a price per Warrant Share of C
The Warrants will be subject to the right of the Company to accelerate the expiry date of the Warrants to a date that is 30 days following dissemination of a news release announcing such acceleration if, at any time, after the closing date, the closing price of the Company's common shares equals or exceeds
The Company may pay finder's fees comprised of a cash commission of up to
Completion of the Private Placement will be subject to the prior approval of the TSX Venture Exchange as well as all other requisite corporate, regulatory and security holder approvals, as applicable.
Further, all securities issued pursuant to the Private Placement described above will be subject to a hold period of four months and one day from their date of issuance in accordance with applicable Canadian securities laws, as well as a twelve-month contractual restriction on transfer commencing on the date of issuance and ending on the first anniversary of the date of issuance.
ON BEHALF OF THE BOARD
Steve Bromley
Co-Chair and CEO
For more information, contact:
John Rathwell, Senior Vice President, 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.
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 anticipated use of proceeds from the Private Placement and the potential payment of finder's fees. 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 be able to complete the Private Placement and obtain all regulatory and requisite approvals in a timely manner and on acceptable terms. 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, 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.
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.
SOURCE: Organto Foods, Inc.
View the original press release on ACCESS Newswire
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