Latest news with #OrgantoFoods
Associated Press
2 days ago
- Business
- Associated Press
Gold Resource Corporation Adds to Board of Directors
DENVER--(BUSINESS WIRE)--Jun 18, 2025-- Gold Resource Corporation (NYSE American: GORO) (the 'Company') is pleased to announce the appointment of Mr. Peter L. Gianulis to its Board of Directors. Mr. Gianulis has spent over 25 years as an advisor, investor, and/or insider in numerous natural resource companies, including successful exits in companies such as Hathor Exploration Limited, CGA Mining Limited, and Northern Orion Resources Inc., among others. He has served as CEO of Allegiant Gold Ltd. since 2019 and as the President of Carrelton Asset Management, Inc., a natural resource-focused private equity and hedge fund, from 2005 through the present. Since December 2018, he has served as a director and a member of the Audit Committee and the Compensation Committee of Organto Foods Inc. Mr. Gianulis was a director of Orea Mining Corp. from March 2009 to December 2023 and was a Partner of the Salomon Brothers Hedge Fund Group. Mr. Gianulis holds a bachelor's degree from the University of California, San Diego in Quantitative Economics (Math) and Biology. He also holds an MBA in International Finance from Cornell University and a joint master's degree from ESADE in Barcelona, Spain. 'We welcome the addition of Mr. Gianulis to our Board and look forward to his valued input as we focus on optimizing our operations in Mexico,' stated Ron Little, interim Chair for Gold Resource Corp. About GRC: Gold Resource Corporation is a gold and silver producer, developer, and explorer with its operations centered on the Don David Gold Mine in Oaxaca, Mexico. Base metals, critical to the United States, are also produced as a by-product. Under the direction of an experienced board and senior leadership team, the Company's focus is to unlock the significant upside potential of its existing infrastructure and large land position surrounding the mine in Oaxaca, Mexico and to develop the Back Forty Project in Michigan, USA. View source version on CONTACT: Allen Palmiere Chief Executive Officer 720-459-3854 KEYWORD: AFRICA AUSTRALIA/OCEANIA UNITED STATES CANADA NORTH AMERICA AUSTRALIA COLORADO INDUSTRY KEYWORD: MINING/MINERALS NATURAL RESOURCES SOURCE: Gold Resource Corporation Copyright Business Wire 2025. PUB: 06/18/2025 07:04 PM/DISC: 06/18/2025 07:02 PM
National Post
2 days ago
- Business
- National Post
Gold Resource Corporation Adds to Board of Directors
Article content DENVER — Gold Resource Corporation (NYSE American: GORO) (the 'Company') is pleased to announce the appointment of Mr. Peter L. Gianulis to its Board of Directors. Mr. Gianulis has spent over 25 years as an advisor, investor, and/or insider in numerous natural resource companies, including successful exits in companies such as Hathor Exploration Limited, CGA Mining Limited, and Northern Orion Resources Inc., among others. He has served as CEO of Allegiant Gold Ltd. since 2019 and as the President of Carrelton Asset Management, Inc., a natural resource-focused private equity and hedge fund, from 2005 through the present. Since December 2018, he has served as a director and a member of the Audit Committee and the Compensation Committee of Organto Foods Inc. Mr. Gianulis was a director of Orea Mining Corp. from March 2009 to December 2023 and was a Partner of the Salomon Brothers Hedge Fund Group. Mr. Gianulis holds a bachelor's degree from the University of California, San Diego in Quantitative Economics (Math) and Biology. He also holds an MBA in International Finance from Cornell University and a joint master's degree from ESADE in Barcelona, Spain. Article content 'We welcome the addition of Mr. Gianulis to our Board and look forward to his valued input as we focus on optimizing our operations in Mexico,' stated Ron Little, interim Chair for Gold Resource Corp. Article content Article content About GRC: Article content Gold Resource Corporation is a gold and silver producer, developer, and explorer with its operations centered on the Don David Gold Mine in Oaxaca, Mexico. Base metals, critical to the United States, are also produced as a by-product. Under the direction of an experienced board and senior leadership team, the Company's focus is to unlock the significant upside potential of its existing infrastructure and large land position surrounding the mine in Oaxaca, Mexico and to develop the Back Forty Project in Michigan, USA. Article content Article content Article content Article content Article content Article content
Associated Press
2 days ago
- Business
- Associated Press
Organto Foods Announces C$1.0 M Private Placement Financing with a Strategic Investor
TORONTO, ON AND BREDA, THE NETHERLANDS / ACCESS Newswire / June 18, 2025 / Organto Foods Inc. (TSXV:OGO)(OTC PINK:OGOFF) ('Organto' or the 'Company') today announced it plans to complete a non-brokered private placement of up to 4,000,000 units of the Company (the 'Units') at a price of $0.25 per Unit (the 'Private Placement'), with each Unit consisting of one Common Share in the capital of the Company (a 'Common Share') and one-half common share purchase warrant of the Company (a 'Warrant'). Each full Warrant shall entitle the holder thereof to acquire one Common Share (a' Warrant Share') at a price per Warrant Share of C$0.35 for a period of 18 months from the closing date of the Private Placement. 'We're very pleased with our operational performance, having realized first quarter sales growth of 193.5%, gross profit dollar growth of 298.1%, our lowest cash operating costs as a percentage of sales in our history and our first-ever positive EBITDA quarter. Our business has continued to accelerate through the second quarter, which is quite encouraging, and we believe is a reflection of the strong momentum in our business. These results are the direct outcome of the extensive restructuring and strategic realignment we've executed over the past 18 months, laying a solid foundation for sustained growth, stability, and a clear path to profitability. With our continued growth and improvement in our share price, we believe it is prudent to complete this Private Placement as we conservatively manage our balance sheet.' commented Steve Bromley, Chair and Chief Executive Officer. The Company may pay finders' fees in connection with the Private Placement. The net proceeds from the Private Placement will be used to fund general working capital. Certain directors and officers of the Company may acquire securities under the Private Placement. Any such participation would be considered to be a 'related party transaction' as defined under Multilateral Instrument 61-101 ('MI 61-101"). The transaction will be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as neither the fair market value of any units issued to or the consideration paid by such persons will exceed 25% of the Company's market capitalization. Completion of the Private Placement will be subject to the prior approval of the TSX Venture Exchange as well as all other requisite corporate, regulatory and security holder approvals, as applicable. Further, all securities issued pursuant to the Private Placement described above will be subject to a minimum hold period of four months and one day from their date of issuance. There can be no assurance that the Company will be successful in completing the Private Placement. ON BEHALF OF THE BOARD Steve Bromley Chairman 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 is a leading provider of branded, private label, and distributed organic and non-GMO fruit and vegetable products using a strategic asset-lighter business model to serve a growing socially responsible and health-conscious consumers. Organto's business model is rooted in its commitment to sustainable business practices focused on environmental responsibility and a commitment to the communities where it operates, its people, and its shareholders. FORWARD LOOKING STATEMENTS This news release may include certain forward-looking information and statements, as defined by law, including without limitation, Canadian securities laws and the 'safe harbor' provisions of the US Private Securities Litigation Reform Act ('forward-looking statements'). In particular, and without limitation, this news release contains forward-looking statements respecting Organto's business model and markets; Organto's belief that the Company has made solid progress in the restructuring and realignment of its business focused on a clear path to profitability, sustained growth and long-term stability; Organto's belief that the impact of restructuring and realignment efforts was a key driver of its first quarter results; and Organto's belief it is prudent to complete this Private Placement as the Company conservatively manages its balance sheet. Forward-looking statements are based on a number of assumptions that may prove to be incorrect, including, without limitation, the assumption that the Company will be able to complete the Private Placement and obtain all regulatory and requisite approvals in a timely manner and on acceptable terms. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Factors that could cause actual results to differ materially from those anticipated in forward-looking statements in this news release include, among others, regulatory risks; risks related to market volatility and economic conditions; risks related to unforeseen delays; and risks that necessary financing will be unavailable when needed. For further information on these and other risks and uncertainties that may affect the Company's business, see the 'Risks and Uncertainties' and 'Forward-Looking Statements' sections of the Company's annual and interim management's discussion and analysis filings with the Canadian securities regulators, which are available under the Company's profile at Except as required by law, Organto does not assume any obligation to release publicly any revisions to forward-looking statements contained in this news release to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. 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. press release
