Organto closes over-subscribed CDN $4.6 Million convertible note financing
Organto closes over-subscribed CDN $4.6 Million convertible note financing Organto Foods Inc., an integrated provider of organic and value-added organic fruits and vegetables, today announced the closing of its recently announced non-brokered private placement of convertible notes (“Convertible Notes”). The financing was significantly over-subscribed with gross proceeds of CDN $4,630,000 including strong participation from insiders and existing shareholders as well as a diverse group of investors located in Canada, Mexico, and for the first time in the Netherlands. Proceeds from the finan...