Business
Organto Closes $5.2 million in Over-Subscribed Private Placement Financing; Announces Proposed New Board Members
Organto Closes $5.2 million in Over-Subscribed Private Placement Financing; Annou...
About this update from Organto Foods, Inc.
[{"type":"text","content":"Organto Closes $5.2 million in Over-Subscribed Private Placement Financing; Announces Proposed New Board Members \n\t\t\tbody { font-size: 11pt;\n\t\t\t}\n\n\t\t\t.nr-sub-head ul,\n\t\t\t.nr-body ul {\n\t\t\t\tlist-style-type: disc !important;\n\t\t\t\tmargin-left: 2em !important;\n\t\t\t}\n\n\t\t\t.nr-sub-head ol,\n\t\t\t.nr-body ol {\n\t\t\t\tmargin-left: 2em !important;\n\t\t\t}\n\n\t\t\t.nr-body p, .nr-body {margin-bottom: 0px !important;\n\t\t\t\t\tmargin-top: 0px !important;\n\t\t\t\t\t-webkit-margin-before: 0px !important;\n\t\t\t\t\t-webkit-margin-after: 0px !important;\n\t\t\t\t\tfont-family: Arial !important;\n\t\t\t\t\tfont-size: 11pt !important;\n\t\t\t }\n\n\t\t\ttbody {\n\t\t\t\tborder-top: 0;\n\t\t\t}\n\n\t\t\t H1 {font-weight: bold;\n\t\t\t\tfont-size: 16pt;\n\t\t\t }\n\n\t\t\t H2 {font-weight: bold;\n\t\t\t\tfont-size: 12pt;\n\t\t\t }\n\n\t\t\t H3 {font-weight: bold;\n\t\t\t\tfont-size: 11pt;\n\t\t\t }\n\n\n\t\t\t H1.nr-head {\n\t\t\t \t\tfont-family: Trebuchet MS !important;\n\t\t\t \t\tfont-size: 16pt !important;\n\t\t\t \t\tcolor: #3D86C6 !important;\n\t\t\t \t\tfont-weight:bold !important;\n\t\t\t \t\ttext-align:center !important;\n\n\t\t\t }\n\n\t\t\t H2.nr-sub-head {font-weight: bold !important;\n\t\t\t \t\tdisplay: block !important;\n\t\t\t \t\ttext-align: start !important;\n\t\t\t \t\tfont-family: Arial !important;\n\t\t\t\t\tfont-size: 12pt !important;\n\t\t\t }\n\n\t\t\t .nr-body a { font-size: 11pt !important;\n\t\t\t }\n\n\t\t\t TABLE { width: auto!important;\n\t\t\t }\n\n\t\t Organto Closes $5.2 million in Over-Subscribed Private Placement Financing; Announces Proposed New Board Members\n NOT FOR DISSEMINATION IN THE UNITED STATES OR TO UNITED STATES NEWSWIRE SERVICES\n Vancouver, B.C. (FSCwire) - Organto Foods Inc. (OGO: TSX-V, OGOFF: OTC) (“Organto”) is pleased to announce the closing of the 3rd and final tranche of its previously announced non-brokered private placement.  Gross proceeds of approximately $2,934,750 were raised in the 3rd tranche from the sale of 19,565,000 units at a price of $0.15 per unit.  Each unit consists of one common share and one non-transferrable warrant to purchase one additional common share of Organto, exercisable at a price of $0.25 for a period of 24 months from the closing date.  Organto was over-subscribed for the private placement and...