Organto Foods Announces Intention to Prepay Outstanding Debentures
Organto Foods (TSX-V:OGO / OTCQB:OGOFF) announced it has delivered a Prepayment Notice for its outstanding convertible debentures totaling $2,340,850 as of October 23, 2025, with a Prepayment Date of November 28, 2025. The debentures bear interest at 10% per annum and are convertible at $0.60 per share.
If no holders convert, the company expects an aggregate cash payment of $2,549,679 (principal $2,340,850 plus unpaid interest $206,829). If all holders convert, Organto expects to issue 3,901,417 shares and pay approximately $206,829 in unpaid interest.
Organto Foods (TSX-V:OGO / OTCQB:OGOFF) ha annunciato di aver inviato una Notifica di Prepagamento per i suoi debentures convertibili in circolazione, per un totale di $2,340,850 al 23 ottobre 2025, con una Data di Prepagamento del 28 novembre 2025. I debentures maturano interessi al 10% annuo e sono convertibili a $0,60 per azione.
Se nessun detentore effettua la conversione, l'azienda prevede un pagamento in contanti aggregato di $2,549,679 (principal $2,340,850 più interessi non pagati $206,829). Se tutti i detentori convertono, Organto prevede di emettere 3.901.417 azioni e pagare circa $206,829 di interessi non pagati.
Organto Foods (TSX-V:OGO / OTCQB:OGOFF) anunció que ha entregado un Aviso de Prepago para sus bonos convertibles pendientes por un total de $2,340,850 al 23 de octubre de 2025, con una Fecha de Prepago de 28 de noviembre de 2025. Los bonos devengan intereses a 10% anual y son convertibles a $0.60 por acción.
Si ningún tenedor convierte, la empresa espera un pago en efectivo agregado de $2,549,679 (principal $2,340,850 más intereses no pagados $206,829). Si todos los tenedores convierten, Organto espera emitir 3,901,417 acciones y pagar aproximadamente $206,829 en intereses no pagados.
Organto Foods (TSX-V:OGO / OTCQB:OGOFF)는 2025년 10월 23일 기준 미상환 전환 사채의 사전상환 통지서를 총 $2,340,850로 전달했으며, 사전상환 날짜는 2025년 11월 28일입니다. 이 사채의 이자율은 연 10%이고 주당 $0.60에 전환할 수 있습니다.
보유자가 전환하지 않으면 회사는 미상환 이자 $206,829를 포함하여 원금 $2,340,850와 함께 총 현금 지급액 $2,549,679를 예상합니다. 모든 보유자가 전환하면 Organto는 3,901,417주를 발행하고 미상환 이자 $206,829를 지급할 것으로 예상합니다.
Organto Foods (TSX-V:OGO / OTCQB:OGOFF) a annoncé avoir délivré un Avis de prépaiement pour ses debentures convertibles en circulation d'un montant total de $2,340,850 au 23 octobre 2025, avec une Date de prépaiement le 28 novembre 2025. Les debentures portent intérêt à 10% par an et sont convertibles à $0,60 par action.
Si aucun détenteur ne convertit, la société prévoit un paiement en espèces aggregate de $2,549,679 (principal $2,340,850 plus intérêts impayés $206,829). Si tous les détenteurs convertissent, Organto prévoit d’émettre 3,901,417 actions et de payer environ $206,829 d’intérêts impayés.
Organto Foods (TSX-V:OGO / OTCQB:OGOFF) gab bekannt, dass es eine Vorabzahlungsbenachrichtigung für seine ausstehenden wandelbaren Anleihen über insgesamt $2,340,850 zum 23. Oktober 2025 übermittelt hat, mit einem Vorabzahlungsdatum des 28. November 2025. Die Anleihen verzinsen 10% pro Jahr und sind zu $0,60 pro Aktie wandelbar.
Wenn keine Inhaber konvertieren, erwartet das Unternehmen eine Gesamtzahlung in bar von $2,549,679 (Hauptsumme $2,340,850 zuzüglich unbezahlter Zinsen $206,829). Wenn alle Inhaber konvertieren, plant Organto die Ausgabe von 3,901,417 Aktien und Zahlung von etwa $206,829 unbezahlter Zinsen.
Organto Foods (TSX-V:OGO / OTCQB:OGOFF) أعلنت أنها سلّمت إشعار السداد المسبق لسنداتها القابلة للتحويل المعلقة بإجمالي $2,340,850 اعتباراً من 23 أكتوبر 2025، مع تاريخ الدفع المسبق في 28 نوفمبر 2025. تحمل السندات فائدة بنسبة 10% سنوياً وقابلة للتحويل بسعر $0.60 للسهم.
إذا لم يقم أي مالك بالتحويل، تتوقع الشركة دفعة نقدية إجمالية قدرها $2,549,679 (الأصل $2,340,850 بالإضافة إلى الفوائد غير المدفوعة $206,829). إذا قام جميع المالكين بالتحويل، تتوقع Organto إصدار 3,901,417 سهماً ودفع ما يقارب $206,829 من الفوائد غير المدفوعة.
Organto Foods (TSX-V:OGO / OTCQB:OGOFF) 宣布已就其未偿付的可转换债券发出预付通知，总额为 $2,340,850，截至 2025 年 10 月 23 日，预付日为 2025 年 11 月 28 日。债券年利率为 10%，可按 $0.60 美元/股转股。
如果没有持有者进行转股，公司预计将支付总额为 $2,549,679 的现金（本金 $2,340,850 加未付利息 $206,829）。如果所有持有者都转股，Organto 预计发行 3,901,417 股，并支付大约 $206,829 的未付利息。
- Debt principal of $2,340,850 targeted for prepayment
- Prepayment could eliminate 10% annual interest on debentures
- Maximum cash outflow of $2,549,679 if no conversions occur
- Potential dilution of 3,901,417 shares if fully converted
VANCOUVER, BC AND BREDA, NETHERLANDS / ACCESS Newswire / October 24, 2025 / Organto Foods Inc. (TSX-V:OGO)(OTCQB:OGOFF) ("Organto" or the "Company"), today announced that as part of its ongoing efforts to reduce debt and strengthen its financial position, the Company has elected to give notice of prepayment to the holders of its outstanding December 2024 series A, December 2024 series B, February 2025 and March 2025 series of convertible debentures in the aggregate principal amount of
Pursuant to the terms of the Convertible Debentures, the Company may prepay the principal sum owing under the Convertible Debentures in whole or in part, together with any unpaid interest thereon calculated to the date of prepayment (the "Prepayment Date") without penalty by providing written notice (the "Prepayment Notice") to the holders of the Convertible Debentures (the "Holders") 30 days prior to the Prepayment Date, during which time the Holders may exercise their conversion rights in the manner set out in the certificates representing the Convertible Debentures.
The Company is delivering the Prepayment Notice to the Holders advising them that Friday, November 28, 2025, has been set as the Prepayment Date. Pursuant to the terms of the Convertible Debentures, Holders have the right to convert their Convertible Debentures (the "Conversion Right") into common shares of the Company ("Shares") at a conversion price of
In the event that no Holders exercise their Conversion Right prior to the Prepayment Date, the Company expects that the aggregate cash payment to be made to Holders in respect of all outstanding Convertible Debentures will be
ON BEHALF OF THE BOARD
Steve Bromley
Co-Chair and CEO
For more information, contact:
Investor Relations
John Rathwell, Senior Vice President Corporate Development
647 629 0018
info@organto.com
ABOUT ORGANTO
Organto is an integrated provider of branded, private label, and distributed organic, fairtrade, and non-GMO fruit and vegetable products using a strategic asset-lighter business model to serve a growing socially responsible and health-conscious consumer around the globe. 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 expected timing of the prepayment of the Convertible Debentures and the anticipated amount(s) of Shares, principal sum and interest to be issued and/or paid, as applicable upon the completion of the prepayment of the Convertible Debentures. Forward-looking statements are based on a number of assumptions that may prove to be incorrect, including, without limitation, the assumption that all applicable regulatory and/or other requisite approvals, if required, will be obtained in a timely manner and on acceptable terms; that the Company will have sufficient cash on hand to satisfy its prepayment obligations in full; and that all conditions precedent to the prepayment and/or conversion of the Convertible Debentures will be satisfied in a timely manner. 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 including 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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