sur Organto Foods Inc. (CVE:OGO)
Organto Foods Concludes Warrant Incentive Program
Organto Foods Inc., a company trading under TSXV:OGO, OTCQX:OGOFF, and FSE:OGF0, has finalized its early warrant exercise incentive program. This completion involves issuing 7,760,000 common shares, generating gross proceeds of $5.82 million from exercised warrants. Initially, 8,000,000 warrants were issued on September 10, 2025, as part of a private unit placement.
Unexercised warrants remain valid at C$0.75 per share until March 10, 2027. CEO Steve Bromley expressed gratitude to shareholders, emphasizing the potential for strategic growth and acquisitions. The funds will support expansion and working capital needs. Incentive Warrants allow additional share purchases at C$1.00 within a year of issuance.
All issued securities are under a four-month hold as per Canadian law. The Incentive Program's proceeds aim at strengthening Organto's market position and pursuing new sector opportunities. U.S. securities regulation disallows these securities' offer or sale in the U.S. without registration or exemption.
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