Organto Foods Closes $8.0 Million Private Placement Financing
Organto Foods (OTCQB:OGOFF) has successfully closed a non-brokered private placement, raising $8.0 million through the issuance of 16,000,000 units at $0.50 per unit. Each unit includes one common share and a half warrant, with full warrants exercisable at $0.75 for 18 months.
The company will pay finder's fees of $600,000 (7.5%) in cash and issue 1,200,000 warrants. Proceeds will support the growth of Organto's organic and fair-trade fruit and vegetable platform, technology development, working capital, and potential short-term debt repayment.
The securities are subject to a four-month hold period and a twelve-month contractual transfer restriction. The transaction remains subject to TSX Venture Exchange approval.
[ "Raised significant capital of $8.0 million to fund growth initiatives", "Strategic investment from new international investors showing market confidence", "Funds will support expansion of organic and fair-trade product platform", "Potential reduction of short-term debt improving balance sheet" ]Organto Foods (OTCQB:OGOFF) ha completato con successo un collocamento privato non assistito da broker, raccogliendo $8,0 milioni mediante l'emissione di 16.000.000 di unit脿 a $0,50 per unit脿. Ogni unit脿 comprende una azione ordinaria e mezza warrant; le warrant integrali sono esercitabili a $0,75 per 18 mesi.
La societ脿 corrisponder脿 commissioni finder pari a $600.000 (7,5%) in contanti e emetter脿 1.200.000 warrant. I proventi serviranno a sostenere la crescita della piattaforma di frutta e verdura biologica e fair-trade di Organto, lo sviluppo tecnologico, il capitale circolante e l'eventuale rimborso a breve termine del debito.
I titoli sono soggetti a un periodo di lock-up di quattro mesi e a una restrizione contrattuale di trasferimento di dodici mesi. La transazione 猫 subordinata all'approvazione della TSX Venture Exchange.
- Raccolti capitali significativi di $8,0 milioni per finanziare iniziative di crescita
- Investimento strategico da nuovi investitori internazionali che dimostra fiducia del mercato
- I fondi sosterranno l'espansione della piattaforma di prodotti biologici e fair-trade
- Possibile riduzione del debito a breve termine, migliorando la situazione di bilancio
Organto Foods (OTCQB:OGOFF) ha cerrado con 茅xito una colocaci贸n privada sin intermediarios, recaudando $8,0 millones mediante la emisi贸n de 16.000.000 de unidades a $0,50 por unidad. Cada unidad incluye una acci贸n ordinaria y media warrant; las warrants completas son ejercitables a $0,75 durante 18 meses.
La compa帽铆a pagar谩 honorarios de intermediaci贸n (finder) por $600.000 (7,5%) en efectivo y emitir谩 1.200.000 warrants. Los fondos se destinar谩n a apoyar el crecimiento de la plataforma de frutas y verduras org谩nicas y de comercio justo de Organto, el desarrollo tecnol贸gico, el capital de trabajo y el posible pago a corto plazo de deuda.
Los valores est谩n sujetos a un per铆odo de retenci贸n de cuatro meses y a una restricci贸n contractual de transferencia de doce meses. La transacci贸n queda pendiente de la aprobaci贸n de la TSX Venture Exchange.
- Recaudaci贸n significativa de $8,0 millones para financiar iniciativas de crecimiento
- Inversi贸n estrat茅gica de nuevos inversores internacionales que demuestra confianza del mercado
- Los fondos respaldar谩n la expansi贸n de la plataforma de productos org谩nicos y de comercio justo
- Posible reducci贸n de deuda a corto plazo, mejorando el balance
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Organto Foods (OTCQB:OGOFF) a cl么tur茅 avec succ猫s un placement priv茅 sans courtier, levant 8,0 M$ par l'茅mission de 16 000 000 d'unit茅s 脿 0,50 $ l'unit茅. Chaque unit茅 comprend une action ordinaire et une demi-warrant; les warrants pleines sont exer莽ables 脿 0,75 $ pendant 18 mois.
La soci茅t茅 versera des frais de recherche (finder) de 600 000 $ (7,5 %) en esp猫ces et 茅mettra 1 200 000 warrants. Les fonds serviront 脿 soutenir le d茅veloppement de la plateforme de fruits et l茅gumes biologiques et 茅quitables d'Organto, le d茅veloppement technologique, le fonds de roulement et le remboursement 茅ventuel de dettes 脿 court terme.
Les titres sont soumis 脿 une p茅riode de blocage de quatre mois et 脿 une restriction contractuelle de transfert de douze mois. La transaction reste soumise 脿 l'approbation de la TSX Venture Exchange.
- Lev茅e de capitaux significative de 8,0 M$ pour financer des initiatives de croissance
- Investissement strat茅gique de nouveaux investisseurs internationaux, marque de confiance du march茅
- Les fonds soutiendront l'expansion de la plateforme de produits biologiques et 茅quitables
- R茅duction possible de la dette 脿 court terme, am茅liorant le bilan
Organto Foods (OTCQB:OGOFF) hat eine nicht vermittelte Privatplatzierung erfolgreich abgeschlossen und dabei $8,0 Millionen durch die Ausgabe von 16.000.000 Einheiten zu je $0,50 aufgenommen. Jede Einheit umfasst eine Stammaktie und eine halbe Option; volle Warrants sind zu $0,75 眉ber 18 Monate aus眉bbar.
Das Unternehmen zahlt Finder-Geb眉hren in H枚he von $600.000 (7,5%) in bar und gibt 1.200.000 Warrants aus. Die Mittel werden das Wachstum von Organ颅tos Bio- und Fair-Trade-Obst- und Gem眉seplattform, die Technologieentwicklung, das Working Capital und gegebenenfalls die kurzfristige Schuldenr眉ckzahlung unterst眉tzen.
Die Wertpapiere unterliegen einer viermonatigen Haltefrist und einer vertraglichen 脺bertragungsbeschr盲nkung von zw枚lf Monaten. Die Transaktion steht unter dem Vorbehalt der Zustimmung der TSX Venture Exchange.
- Erhebliche Kapitalaufnahme von $8,0 Millionen zur Finanzierung von Wachstumsinitiativen
- Strategische Investition durch neue internationale Investoren, die Vertrauen des Marktes signalisiert
- Mittel unterst眉tzen die Expansion der Bio- und Fair-Trade-Produktplattform
- M枚gliche Reduzierung kurzfristiger Verbindlichkeiten zur Verbesserung der Bilanz
- None.
- Significant dilution through issuance of 16,000,000 new units
- Substantial finder's fees of $600,000 plus 1,200,000 warrants
- Extended lock-up period of 12 months may impact liquidity
- Transaction still subject to regulatory approval
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
VANCOUVER, BC, AND BREDA, THE NETHERLANDS / / August 29, 2025 / Organto Foods Inc. (TSXV:OGO)(OTCQB:OGOFF) ("Organto" or the "Company") is pleased to announce that it has closed its previously announced non-brokered private placement of 16,000,000 units (the "Units") of the Company for gross proceeds of
The Units were issued at a price of
Each full Warrant entitles the holder to acquire one Common Share (a "Warrant Share") at a price per Warrant Share of C
The Warrants are 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
All securities issued pursuant to the Private Placement 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.
The Company has agreed to pay finder's fees on the Private Placement comprised of fees payable in cash of
Net proceeds from the Private Placement are intended to be used to continue the growth of the Company's organic and fairtrade fruit and vegetable products platform, further develop the Company's technology platform, support general working capital requirements, and may also be used to repay part of the Company's short-term debt.
Completion of the Private Placement remains subject to the approval of the TSX Venture Exchange as well as all other requisite corporate, regulatory and security holder approvals, as applicable.
Steve Bromley, Co-Chair and Chief Executive Officer, commented. "I am very pleased to welcome this new supportive group of international investors, and I would also like to thank our existing shareholders for their continued confidence. This financing strengthens our capital position and positions us to accelerate the expansion of our organic and fair-trade fruit and vegetable platform, all the while staying focused on growing our sales and distribution channels, improving our EBITDA margins, and pursuing strategic growth initiatives. With this support, we are well-positioned to continue to grow our healthy products portfolio, drive stronger results, and also drive greater impact for our customers and communities."
ON BEHALF OF THE BOARD,
Steve Bromley
Co-Chair and Chief Executive Officer
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.
For more information contact:
[email protected]
John Rathwell, Senior Vice President, Corporate Development
647-629-0018
ABOUT ORGANTO FOODS
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 anticipated use of proceeds from the Private Placement, the Company's continued confidence in its growth strategy, the Company's belief that this financing strengthens the Company's capital position and in doing so positions the Company to accelerate the expansion of its organic and fair-trade fruit and vegetable platform, all the while staying focused on growing its sales and distribution channels, improving its EBITDA margins, and pursuing strategic growth initiatives, and the Company's belief that it is well-positioned to continue to grow its healthy products portfolio, driving stronger results, and also driving greater impact for its customers and communities. 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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FAQ
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