Business
Organto Closes C$1.0 M Private Placement Financing with Strategic Investor
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATE...
About this update from Organto Foods, Inc.
[{"type":"text","content":"Organto Closes C$1.0 M Private Placement Financing with Strategic InvestorNOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES VANCOUVER, BC AND BREDA, NETHERLANDS / ACCESS Newswire / June 26, 2025 / Organto Foods Inc. (TSX-V:OGO)(OTC:OGOFF) (\"Organto\" or the \"Company\") today announced it has closed its previously announced non-brokered private placement (see June 18, 2025 press release) of 4,000,000 units of the Company (the \"Units\") at a price of $0.25 per Unit (the \"Private Placement\") for gross proceeds of $1,000,000. 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 (a \"CommonShare\") and one-half of one common share purchase warrant of the Company (a \"Warrant\").Each whole Warrant entitles the holder to acquire one Common Share (a \"Warrant Share\") at an exercise price of $0.35 until December 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 October 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.ON BEHALF OF THE BOARDSteve BromleyChairman and CEOFor more information, contact:Investor RelationsJohn Rathwell, Senior Vice President, Investor Relations & Corporate Development647 629 [email protected] ORGANTOOrganto 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.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.FORWARD LOOKING STATEMENTSTh...