Organto Foods (OTC:OGOFF) has finalized the issuance of 4,380,000 common shares to Jaluca Limited, priced at $0.10 per share. This move compensates Jaluca for their advisory services in the company’s debt restructuring and settlement of convertible debentures.
The company also unveiled details of its 2024 bonus program, allocating a total of $822,000 to officers and key personnel. The structure includes 70% in equity ($575,400) and 30% in cash ($246,600), with the equity portion already achieved in 2025 but not yet disbursed.
Organto Foods (OTC:OGOFF) ha completato l’emissione di 4.380.000 azioni ordinarie a favore di Jaluca Limited, a un prezzo convenzionale di 0,10 $ per azione. Le azioni sono state emesse come compenso per i servizi di consulenza finanziaria aziendale forniti da Jaluca nella ristrutturazione del debito e nella gestione delle obbligazioni convertibili della società.
Inoltre, la società ha reso noti i dettagli del suo programma bonus 2024, con un totale di 822.000 $ da corrispondere a dirigenti e personale chiave. La struttura del bonus prevede un 70% in azioni (575.400 $) e un 30% in contanti (246.600 $), con la quota azionaria già maturata nel 2025 ma non ancora corrisposta.
Organto Foods (OTC:OGOFF) ha completado la emisión de 4.380.000 acciones comunes a Jaluca Limited a un precio presunto de $0,10 por acción. Las acciones se emitieron como compensación por los servicios de asesoría financiera corporativa de Jaluca en la reestructuración de la deuda y la liquidación de los bonos convertibles de la empresa.
Además, la compañía reveló detalles sobre su programa de bonificaciones 2024, con un total de $822,000 a pagar a directivos y personal clave. La estructura del bono incluye un 70% en acciones ($575,400) y un 30% en efectivo ($246,600), siendo la parte en acciones ya lograda en 2025 pero aún no pagada.
Organto Foods (OTC:OGOFF)는 Jaluca Limited에 대해 4,380,000 보통주를 주당 0.10달러의 평가가격으로 발행을 완료했습니다. 이 주식은 회사의 부채 재구조화 및 전환사채 정산과 관련된 Jaluca의 기업 재무 자문 서비스에 대한 보상으로 발행되었습니다.
또한, 회사는 임원 및 핵심 인력에게 지급될 총 822,000달러의 2024년 보너스 프로그램 세부 사항을 공개했습니다. 보너스 구조는 70%는 주식(575,400달러)이고 30%는 현금(246,600달러)으로 구성되며, 주식 부분은 2025년에 이미 달성되었으나 아직 지급되지 않았습니다.
Organto Foods (OTC:OGOFF) a finalisé l’émission de 4 380 000 actions ordinaires à Jaluca Limited à un prix réputé de 0,10 $ par action. Ces actions ont été émises en compensation des services de conseil en finance d’entreprise fournis par Jaluca dans le cadre de la restructuration de la dette et du règlement des obligations convertibles de la société.
Par ailleurs, la société a dévoilé les détails de son programme de bonus 2024, avec un total de 822 000 $ à verser aux dirigeants et au personnel clé. La structure du bonus comprend 70 % en actions (575 400 $) et 30 % en espèces (246 600 $), la part en actions ayant déjà été acquise en 2025 mais pas encore versée.
Organto Foods (OTC:OGOFF) hat die Ausgabe von 4.380.000 Stammaktien an Jaluca Limited zu einem angenommenen Preis von 0,10 $ pro Aktie abgeschlossen. Die Aktien wurden als Vergütung für Jalucas Beratungsleistungen im Bereich Unternehmensfinanzierung bei der Umstrukturierung der Schulden und der Abwicklung der Wandelanleihen des Unternehmens ausgegeben.
Zusätzlich gab das Unternehmen Details zu seinem Bonusprogramm 2024 bekannt, bei dem insgesamt 822.000 $ an Führungskräfte und Schlüsselpersonal ausgezahlt werden sollen. Die Bonusstruktur umfasst 70 % in Aktien (575.400 $) und 30 % in bar (246.600 $), wobei der Aktienanteil bereits im Jahr 2025 erreicht, aber noch nicht ausgezahlt wurde.
Negative Implications
- Issuance of 4,380,000 new shares significantly dilutes existing shareholder equity.
- Further dilution anticipated due to upcoming share issuance related to the bonus program.
- The company faces substantial bonus obligations of $822,000 amidst an ongoing restructuring period, potentially straining resources.
07/17/2025 – 10:25 PM
VANCOUVER, BC AND BREDA, THE NETHERLANDS / ACCESS Newswire / July 17, 2025 / Organto Foods Inc. (TSXV:OGO)(OTC PINK:OGOFF) (“Organto” or the “Company”) announced today it has completed the issuance of 4,380,000 common shares (the “Shares”) to Jaluca Limited (“Jaluca”) at $0.10 per share, following shareholder and TSX Venture Exchange (“TSX-V”) approval.
As detailed in news releases from March 20 and June 20, 2025, Jaluca provided corporate finance advisory services to guide Organto through its restructuring, including debt reduction and refinancing, as well as convertible debenture settlement. In exchange for their expertise, Jaluca received a fee equal to 6% of the total value of settled convertible debentures (excluding those held by Jaluca) at $0.10 per share – a move greenlit by both disinterested shareholders and the TSX-V.
Shareholders holding a commanding 71.29% of the company’s outstanding common shares, totaling 112,752,806 shares, formally consented to the fee.
Organto issued the 4,380,000 shares to Jaluca at $0.10 per share, satisfying the agreed-upon fee. These shares are subject to a hold period, restricting trading until November 17, 2025, unless otherwise permitted by securities legislation. Investors should note the potential for dilution resulting from this issuance.
2024 Bonus Program
Organto utilizes bonus programs as a variable layer of compensation for its executives, senior management, and key employees. These bonuses typically hinge on achieving specified milestones critical for the company’s strategic growth. Performance is measured against predetermined Key Performance Indicators (KPIs), with payouts occurring upon successful achievement of these metrics.
In 2024, bonuses were granted to officers in lieu of deferred or reduced compensation, discounted as deemed appropriate by the board of directors, to be paid via a combination of shares (70%) and cash (30%), contingent upon the achievement of certain KPIs in 2025.
The total value of these bonuses, amounting to $822,000, was fully accrued and disclosed in Organto’s 2024 financial statements and the information circular for its Annual General Meeting held on June 25, 2025. The bonus breakdown is 70% equity ($575,400) and 30% cash ($246,600).
The 70% equity component of the bonus has already been earned in 2025, though no bonuses have been paid out to date. The company intends to seek TSXV approval for the issuance of common shares to officers and key personnel, based on achieving the equity component. The shares will be issued at the Discounted Market Price, as defined by TSX Listing Policy.
Steve Bromley, Chair and CEO of Organto, stated, “These strategic initiatives solidify our commitment to operational efficiency and shareholder value.”
ON BEHALF OF THE BOARD
Steve Bromley
Chair and CEO
For more information, contact:
Investor Relations
John Rathwell, Senior Vice President, Investor Relations & Corporate Development
647 629 0018
[email protected]
ABOUT ORGANTO
Organto positions itself as a prominent supplier of branded, private label, and distributed organic and non-GMO produce. The company utilizes a strategically asset-lighter business model, targeting the growing market of socially responsible and health-conscious consumers. At its core, Organto’s business ethos emphasizes sustainable practices, prioritizing environmental responsibility and supporting the communities in which it operates, its workforce, and its shareholders.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
SOURCE: Organto Foods, Inc.
View the original press release on ACCESS Newswire
FAQ
How many shares did Organto Foods (OGOFF) issue to Jaluca Limited?
Organto issued 4,380,000 common shares to Jaluca Limited at a deemed price of $0.10 per share.
What is the total value of Organto’s 2024 bonus program?
The total bonus value is $822,000, split between 70% equity ($575,400) and 30% cash ($246,600).
When will the Jaluca Limited shares be eligible for trading?
The shares are subject to a hold period and cannot be traded until November 17, 2025, except as permitted by securities legislation.
What percentage of Organto shareholders approved the Jaluca fee payment?
Disinterested shareholders holding 71.29% of the company’s outstanding shares (112,752,806 common shares) provided written consent to the fee.
How will Organto’s 2024 bonus program be paid out?
The bonus program will be paid through a combination of 70% shares and 30% cash, subject to meeting specific key performance indicators (KPIs).
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