Organto Foods Announces Increase in Size of Private Placement Financing to $8.0 Million
Organto Foods (OTCQB:OGOFF) has increased its previously announced non-brokered private placement from $7.0 million to $8.0 million due to strong investor demand. The company will now offer up to 16 million units at $0.50 per unit, with each unit consisting of one common share and one-half warrant.
The warrants are exercisable at $0.75 per share for 18 months, with acceleration rights if shares reach $1.00 for ten consecutive trading days. Proceeds will support the growth of Organto's organic and fairtrade fruit and vegetable products, technology platform development, and working capital needs.
Organto Foods (OTCQB:OGOFF) ha aumentato la sua offerta privata non intermedia da 7,0 milioni di dollari a 8,0 milioni di dollari a seguito di una forte domanda da parte degli investitori. La società offrirà ora fino a 16 milioni di unità a 0,50 USD ciascuna, con ogni unità composta da una azione ordinaria e da mezza warrant.
Le warrant sono esercitabili a 0,75 USD per azione per 18 mesi, con diritto di accelerazione se il prezzo raggiunge 1,00 USD per dieci giorni di contrattazione consecutivi. I proventi sosterranno l'espansione dei prodotti biologici e Fairtrade dell'azienda, lo sviluppo della piattaforma tecnologica e il capitale circolante.
Organto Foods (OTCQB:OGOFF) ha incrementado su colocación privada no intermediada previamente anunciada de 7,0 millones de dólares a 8,0 millones de dólares debido a la alta demanda de inversores. La compañía ofrecerá ahora hasta 16 millones de unidades a 0,50 USD por unidad, siendo cada unidad una acción ordinaria más medio warrant.
Los warrants son ejercitables a 0,75 USD por acción durante 18 meses, con derechos de aceleración si las acciones alcanzan 1,00 USD durante diez jornadas consecutivas. Los fondos se destinarán a impulsar el crecimiento de los productos de frutas y verduras orgánicas y Fairtrade de Organto, al desarrollo de su plataforma tecnológica y a necesidades de capital de trabajo.
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Organto Foods (OTCQB:OGOFF) a augmenté sa mise de fonds privée non négociée précédemment annoncée de 7,0 millions de dollars à 8,0 millions de dollars en raison d'une forte demande des investisseurs. La société proposera désormais jusqu'à 16 millions d'unités à 0,50 USD l'unité, chaque unité comprenant une action ordinaire et une demi-warrant.
Les warrants sont exerçables à 0,75 USD par action pendant 18 mois, avec un droit d'accélération si le cours atteint 1,00 USD pendant dix jours de bourse consécutifs. Les recettes financeront la croissance des produits de fruits et légumes biologiques et Fairtrade d'Organto, le développement de sa plateforme technologique et ses besoins en fonds de roulement.
Organto Foods (OTCQB:OGOFF) hat wegen starker Nachfrage der Investoren seine zuvor angekündigte nicht vermittelte Privatplatzierung von 7,0 Mio. USD auf 8,0 Mio. USD aufgestockt. Das Unternehmen wird nun bis zu 16 Millionen Einheiten zu je 0,50 USD anbieten, wobei jede Einheit aus einer Stammaktie und einer halben Warrant besteht.
Die Warrants sind für 18 Monate zu 0,75 USD je Aktie ausübbar, mit Beschleunigungsrechten, falls der Kurs für zehn aufeinanderfolgende Handelstage 1,00 USD erreicht. Die Erlöse dienen dem Ausbau von Organtos Bio- und Fairtrade-Obst- und Gemüseangeboten, der Weiterentwicklung der Technologieplattform und dem Betriebskapital.
- Increased offering size from $7M to $8M due to strong investor demand
- Warrants include favorable acceleration clause at $1.00 share price
- Proceeds will support organic product growth and technology development
- 12-month contractual restriction on share and warrant transfers
- Significant dilution for existing shareholders
- Subject to regulatory approval from TSX Venture Exchange
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
VANCOUVER, BC / / August 19, 2025 / Organto Foods Inc. (TSXV:OGO)(OTCQB:OGOFF) ("Organto" or the "Company") is pleased to announce that it has increased the size of its previously announced non-brokered private placement financing from 14,000,000 units to 16,000,000 units of the Company (the "Units") at price of
Financing Details:
Original Offering (announced July 31, 2025):
Offered up to 14,000,000 Units at
$0.50 per Unit, each Unit comprising one Common Share and one‑half Warrant.Warrants exercisable at
$0.75 per Common Share for 18 months, with acceleration rights if the share price reaches or exceeds$1.00 for ten consecutive trading days.The original raise targeted proceeds of up to
$7,000,000.
Increase in Size of Private Placement (today's announcement):
Organto now proposes to issue up to 16,000,000 Units for gross proceeds of up to
$8,000,000. Each Unit remains priced at
$0.50 , comprising one Common Share and one‑half Warrant.Warrants remain exercisable at
$0.75 per Common Share for 18 months, with acceleration rights if the share price reaches or exceeds C$1.00 for ten consecutive trading days.
Use of Proceeds:
Net proceeds are intended to be used to continue the growth of the Company's organic and fairtrade fruit and vegetable products, further develop the Company's technology platform, and support general working capital requirements
Conditions & Approvals:
Completion of the Private Placement remains subject to approval by the TSX Venture Exchange.
Further, the common shares and warrants 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. Any common shares issued on the exercise of the warrants will be subject to a hold period of four months from the date the warrants were issued. Common shares and warrants are also subject to a twelve-month contractual restriction on transfer commencing on the date of issuance and ending on the first anniversary of the date of issuance. Any common shares issued on the exercise of the warrants will be subject to a twelve-month restriction on transfer commencing from the date the warrants were issued.
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
[email protected]
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.
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 continued confidence in the Company's growth strategy. 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, 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.
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