Organto Foods increases private placement to $8 million

Organto Foods Inc. (TSXV:OGO)(OTCQB: OGOFF) announced it has increased the size of its previously announced private placement financing from $7 million to $8 million, according to a company statement.

The Vancouver-based company will now offer up to 16 million units at $0.50 per unit, up from the originally planned 14 million units. Each unit consists of one common share and one-half common share purchase warrant.

The warrants are exercisable at $0.75 per common share for 18 months, with acceleration rights if the share price reaches or exceeds $1.00 for ten consecutive trading days.

Organto stated the increase results from strong investor demand and reflects continued confidence in the company's growth strategy. The company originally announced the private placement on July 31, 2025.

Net proceeds will be used to continue growth of the company's organic and fairtrade fruit and vegetable products, develop its technology platform, and support general working capital requirements.

Completion of the private placement remains subject to approval by the TSX Venture Exchange. The securities will be subject to a four-month-and-one-day hold period from issuance under Canadian securities laws, plus a 12-month contractual restriction on transfer.

Organto describes itself as a provider of branded, private label, and distributed organic and non-GMO fruit and vegetable products.

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