Organto Foods Receives Notification of Change in Debenture Ownership

Organto Foods Inc. has announced that Antares Capital Management Ltd. acquired over 67% of the company's outstanding 8.0% convertible debentures, due November 30, 2026. This acquisition involves debentures with a total face value of $8,050,000.

Under the terms of the trust indenture, Antares is required to offer all debenture holders the opportunity to sell their debentures on the same terms. Organto will coordinate with the trustee, Computershare Trust Company of Canada, to facilitate this process.

Steve Bromley, CEO of Organto Foods, expressed appreciation for Antares' transparency and noted ongoing discussions to explore restructuring options for the debentures. Updates will follow as discussions progress.