Organto Foods Inc. announced a non-brokered private placement of 6,060,606 units at a price of CAD 0.33 per unit for gross proceeds of CAD 1,999,999.98 on November 14, 2023. The Offering is expected to close on or about November 28, 2023, or such other date as determined by the Company, and is subject to certain conditions including, but not limited to receipt of TSX Venture Exchange acceptance. The Company may pay certain eligible finders a finder's fee comprised of a cash commission of up to 6% of the gross proceeds of the Offering and finder's warrants equal to up to 6% of gross proceeds under the Offering.

Such finder's warrants shall entitle the holder to acquire one common share of the Company at a price of CAD 0.50 for a period of 24 months from the Closing Date. All securities issued in connection with the Offering will be subject to a hold period of four months from the date of closing.