Organto Foods Inc. Issues Stock Options
Vancouver, British Columbia (FSCwire) - Organto Foods Inc. (TSX-V: OGO, OTC: OGOFF) (“Organto”), today announced that it has granted incentive stock options to certain of its directors, officers and employees to purchase up to an aggregate of 7,270,000 common shares at an exercise price of $0.18 per share. 4,578,340 of the options vest immediately. 1,275,000 options will vest upon Organto’s common shares trading on the TSX Venture Exchange (the “TSX-V”) at a price of at least CDN$0.50 per share for 3 consecutive trading days and a further 1,275,00 will vest upon Organto’s common shares trading on the TSX-V at a price of at least CDN$0.80 per share for 3 consecutive trading days. The balance of 141,660 options will vest over the next twelve months. All of the foregoing options expire on October 10, 2022.
About Organto
Organto is a vertically integrated provider of year-round value-added branded organic produce serving a growing socially responsible and health conscious consumer around the globe. Organto employs a business model that is integrated from the “table to the field”. Driven by consumer demand for healthy and organic food products, it operates an integrated business model with extensive logistical, processing and growing capabilities, providing complete traceability from the table back to the field. Operations are currently located in Guatemala, the Netherlands and the USA, as well as secured third-party supply from Africa and Peru, with plans to continue to expand year-round supply capabilities via strategic third-party growers and processors in Africa, Mexico and other growing regions. 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.
ON BEHALF OF THE BOARD,
Arnoud Maas
Chief Executive Officer
Neither the TSX-V nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this news release.
For more information contact:
Investor Relations
604-634-0970
1-888-818-1364
info@organto.com
To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/Organto11032017.pdf
Source: Organto Foods Inc. (TSX Venture:OGO, OTC Pink:OGOFF)
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