Organto Foods Inc.’s $8 Million Convertible Debenture Offering

Cassels acted for the underwriters.

On November 12, 2021, Organto Foods Inc. (TSXV: OGO) (FSE: OGF) closed an overnight marketed public offering of unsecured convertible debentures for gross proceeds of approximately $8 million, which includes the full exercise of the underwriters’ over-allotment option.

The offering was conducted by a syndicate of underwriters co-led by Beacon Securities Limited and PI Financial Corp. and including Clarus Securities Inc. and Stifel Nicolaus Canada Inc.

Organto is an integrated provider of branded, private label and distributed organic and non-GMO fruit and vegetable products using a strategic asset-light business model to serve a growing socially responsible and health-conscious consumer around the globe.

The Cassels’ team comprised of Sean Maniaci (Picture), Stefan Politano, Shannon Scrocchi, Layla Makhzoumi, Zachary Zittel and Tera Li Parizeau. 

Involved fees earner: Layla Makhzoumi – Cassels Brock & Blackwell LLP; Sean Maniaci – Cassels Brock & Blackwell LLP; Tera Li Parizeau – Cassels Brock & Blackwell LLP; Stefan Politano – Cassels Brock & Blackwell LLP; Shannon Scrocchi – Cassels Brock & Blackwell LLP; Zachary Zittel – Cassels Brock & Blackwell LLP;

Law Firms: Cassels Brock & Blackwell LLP;

Clients: Beacon Securities Limited; Clarus Securities Inc.; PI Financial Corp.; Stifel Nicolaus Canada Inc.;

Sonia Carcano

Author: Sonia Carcano