Mr. Steve Bromley reports
ORGANTO CLOSES C$1.0 M PRIVATE PLACEMENT FINANCING WITH STRATEGIC INVESTOR
Organto Foods Inc. has closed its previously announced non-brokered private placement (see June 18, 2025, news release) of four million units of the company at a price of 25 cents per unit for gross proceeds of $1-million. The private placement was completed with an arm's-length strategic investor.
Each unit issued consists of one common share in the capital of the company and one-half of one common share purchase warrant of the company.
Each whole warrant entitles the holder to acquire one common share at an exercise price of 35 cents until Dec. 26, 2026.
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 Oct. 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 $60,000 in connection with the private placement.
About Organto Foods Inc.
Organto is a leading provider of branded, private-label and distributed organic 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 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.
We seek Safe Harbor.
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