Organto Foods (TSE:OGO) has released an update.
Organto Foods Inc. has announced that its debentureholders have approved amendments to the terms of its convertible debentures, allowing for a 50% conversion into common shares and extending the maturity date of the remaining balance. The approval, representing 68.1% of the outstanding principal, eliminates the need for a previously scheduled debentureholder meeting. These changes are poised to bolster the company’s equity and are pending final approval from the TSX Venture Exchange.
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