Business
Organto Foods Announces Intention to Prepay Outstanding Debentures
VANCOUVER, BC AND BREDA, NETHERLANDS / ACCESS Newswire / October 24, 2025 / Organto Foods Inc...
About this update from Organto Foods, Inc.
[{"type":"text","content":"Organto Foods Announces Intention to Prepay Outstanding Debentures VANCOUVER, BC AND BREDA, NETHERLANDS / ACCESS Newswire / October 24, 2025 / Organto Foods Inc. (TSX-V:OGO)(OTCQB:OGOFF) (\"Organto\" or the \"Company\"), today announced that as part of its ongoing efforts to reduce debt and strengthen its financial position, the Company has elected to give notice of prepayment to the holders of its outstanding December 2024 series A, December 2024 series B, February 2025 and March 2025 series of convertible debentures in the aggregate principal amount of $2,340,850 outstanding as at October 23, 2025, bearing interest at the rate of 10% per annum (the \"Convertible Debentures\").Pursuant to the terms of the Convertible Debentures, the Company may prepay the principal sum owing under the Convertible Debentures in whole or in part, together with any unpaid interest thereon calculated to the date of prepayment (the \"Prepayment Date\") without penalty by providing written notice (the \"Prepayment Notice\") to the holders of the Convertible Debentures (the \"Holders\") 30 days prior to the Prepayment Date, during which time the Holders may exercise their conversion rights in the manner set out in the certificates representing the Convertible Debentures.The Company is delivering the Prepayment Notice to the Holders advising them that Friday, November 28, 2025, has been set as the Prepayment Date. Pursuant to the terms of the Convertible Debentures, Holders have the right to convert their Convertible Debentures (the \"Conversion Right\") into common shares of the Company (\"Shares\") at a conversion price of $0.60 per Share.In the event that no Holders exercise their Conversion Right prior to the Prepayment Date, the Company expects that the aggregate cash payment to be made to Holders in respect of all outstanding Convertible Debentures will be $2,549,679, comprised of the principal sum totaling $2,340,850 and unpaid interest to the Prepayment date of totaling $206,829. In the event that all Holders exercise 100% of their Conversion Right prior to the Prepayment Date, the Company expects to issue an aggregate of 3,901,417 Shares and pay an aggregate cash payment in the amount of approximately $206,829 to Holders in respect of the conversion of the Convertible Debentures and payment in full of all unpaid interest.ON BEHALF OF THE BOARD...