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Organto Foods Inc
Symbol OGO
Shares Issued 179,016,934
Close 2020-06-30 C$ 0.07
Recent Sedar Documents

Organto Foods $2,075,300 debenture private placement

2020-06-30 20:29 ET - Private Placement - Debenture

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced May 11, 2020.

Convertible debenture:  $2,075,300

Initial conversion price:  five cents per common share in the first year; 10 cents in the second year

Term of maturity:  two years

Interest rate:  10 per cent

Number of placees:  27 placees

Insiders:  Brandal BV (Rients van der Wal), 823,000; Bromley Consulting & Advisory Inc. (Steve Bromley), 2.5 million; Peter Gianulis, 1,692,000; Javier Reyes, 1.24 million; Claudio Schreier, 601,000; ZMS BV (Rients van der Wal), 1.17 million; Accendo Banco S.A. (Javier Reyes), 27.1 million

Total pro group involvement:  1.2 million (one placee)

Finder's fee:  Canaccord Genuity Corp., $22,330 cash and 223,300 warrants

Finder's warrant initial exercise price:  10 cents

Finder's warrant term to expiry:  24 months

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