Organto Foods (TSE:OGO) has released an update.
Organto Foods Inc. has successfully completed a private placement, issuing 5.75 million shares at CDN $0.10 each to raise CDN $575,000. Steve Bromley, Chair and Co-CEO, significantly increased his stake, purchasing the majority of these shares, which escalates his ownership to over 18% of the company. The funds acquired will be directed towards the company’s essential working capital needs.
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