15:40:35 EDT Sat 25 Oct 2025
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or Name
USA
CA



Organto Foods Inc (2)
Symbol OGO
Shares Issued 138,634,027
Close 2025-10-24 C$ 0.61
Market Cap C$ 84,566,756
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Organto Foods to prepay $2.3M in outstanding debentures

2025-10-24 16:32 ET - News Release

Mr. Steve Bromley reports

ORGANTO FOODS ANNOUNCES INTENTION TO PREPAY OUTSTANDING DEBENTURES

As part of Organto Foods Inc.'s continuing 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 $2,340,850 outstanding as at Oct. 23, 2025, bearing interest at the rate of 10 per cent per annum.

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 without penalty by providing written notice to the holders of the convertible debentures 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, Nov. 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 into common shares of the company at a conversion price of 60 cents per share.

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 $2,549,679, comprising the principal sum totalling $2,340,850 and unpaid interest to the prepayment date of totalling $206,829. In the event that all holders exercise 100 per cent of their conversion right prior to the prepayment date, the company expects to issue an aggregate of 3,901,417 shares and pay an aggregate cash payment in the amount of approximately $206,829 to holders in respect of the conversion of the convertible debentures and payment in full of all unpaid interest.

About Organto Foods Inc.

Organto is an integrated provider of branded, private label, and distributed organic, fair trade, and non-GMO (genetically modified organism) 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.

We seek Safe Harbor.

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