Organto Foods Announces C$7.0 Million Private Placement

Organto Foods Inc. has launched a non-brokered private placement of up to 14 million units at $0.50 per unit, aiming to raise $7 million. Each unit contains a common share and a half common share purchase warrant. A full warrant allows acquisition of a common share at $0.75 within 18 months, with potential for the company to accelerate warrant expiration if shares reach $1.00 for ten consecutive days.

The proceeds will support the growth of Organto's organic and fairtrade products and technology platform, alongside general working capital. Completion of the private placement is contingent on approval from the TSX Venture Exchange and other necessary corporate and regulatory endorsements.

Securities from this private placement will carry a hold period of four months and one day, with a twelve-month contractual transfer restriction starting from issuance.