sur Organto Foods, Inc. (CVE:OGO)
Organto Foods Secures $1 Million in Private Placement Financing
Organto Foods Inc. has successfully closed a non-brokered private placement, raising $1,000,000 through the sale of 4,000,000 units. Each unit was priced at $0.25, with the investment coming from a strategic investor with no prior ties to the company. The units consist of one common share and half of a common share purchase warrant.
The warrants, valid until December 26, 2026, will allow holders to purchase additional shares at $0.35 each. The funds raised are earmarked for general working capital needs. A cash finder's fee of $60,000 was issued for arranging the placement.
All securities from this placement are subject to a hold period, restricting their trade until October 27, 2025, in accordance with applicable laws.
R. P.
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