Business
Organto Foods Receives Notification of Change in Ownership of November 2026 8.0% Convertible Debentures
TORONTO, ON / ACCESS Newswire / March 11, 2025 / Organto Foods Inc. (TSXV:OGO)(OTC PINK:OGOFF...
About this update from Organto Foods, Inc.
[{"type":"text","content":"Organto Foods Receives Notification of Change in Ownership of November 2026 8.0% Convertible DebenturesTORONTO, ON / ACCESS Newswire / March 11, 2025 / Organto Foods Inc. (TSXV:OGO)(OTC PINK:OGOFF) (\"Organto\" or the \"Company\"), today announced that it has received notification from Antares Capital Management Ltd. (\"Antares\"), a private corporation, that it has purchased over 67.0% of the Company's outstanding 5 year, 8.0% convertible unsecured subordinated convertible debentures, due November 30, 2026 (the \"Debentures\") with an aggregate face value of $8,050,000.Under the terms of the trust indenture governing the Debentures, Antares is required to make an offer to all Debenture holders to acquire their Debentures on the same terms on which Antares acquired its Debentures, which Antares has advised the Company it is willing and able to do. As a result, the Company will facilitate the coordination with Computershare Trust Company of Canada, as the trustee of the Debentures, to deliver such offer to all remaining Debenture holders. Debenture holders who wish to contact Antares are free to email [email protected] Company has also committed to engage in discussions with Antares to explore the potential to restructure the terms of the Debentures in a mutually acceptable manner.\"We appreciate Antares' transparency in disclosing its position to Organto and the opportunity to explore the benefits of a potential restructuring of the Debentures,\" said Steve Bromley, CEO of Organto Foods Inc. \"We are committed to maintaining a productive dialogue to ensure that any negotiated terms align with the best interests of all stakeholders.\"Further updates will be provided as discussions progress.ON BEHALF OF THE BOARDSteve BromleyChair 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, ...