Organto Foods Increases Private Placement to $8 Million

Organto Foods Inc., based in Vancouver, has announced an increase in its private placement financing. The company will now offer 16 million units, up from the previously planned 14 million. Each unit is priced at $0.50, bringing the total intended proceeds to $8 million, up from an initial target of $7 million. This decision follows strong investor interest and demonstrates confidence in Organto's growth strategy.

Each unit consists of one common share and one-half common share purchase warrant. The warrants are exercisable at $0.75 for eighteen months, subject to acceleration if the share price hits $1.00.

The funds raised will be used to expand Organto's organic and fairtrade products, develop its technology platform, and support working capital. The issuance is pending approval from the TSX Venture Exchange.