For important risk and disclaimer information, Click here.

Industry

Financial Services

Company Type

Investment Fund

Size

$4 Million

Investment Type

Stock Loan

Overview

Seeking $4 million loan against a pledge of >$10 million of listed securities

Collateral: existing shares owned by borrower, and shares borrower will acquire with the proceeds of this loan

The combined market value of the collateral at current pricing is $10.3 million (39% LTV)

The shares are owned by Calu Opportunity Fund LP, a Delaware limited partnership that invests in natural resources and the agri-food sector

Structure

The shares are owned by Calu Opportunity Fund LP, a Delaware limited partnership formed to invest in natural resources and the agri-food sector.


Calu Financial LLC is the general partner.

Collateral 1: Luca Mining Corporation

Collateral 1: 34,483,525 shares of Luca Mining Corp (TSX-V: LUCA, OTCQX: LUCMF) (“Luca”)


Market value of collateral: ~US$ 8.0 million


Company info: Luca is a diversified Canadian mining company with two 100%-owned mines in Mexico that produce gold, copper, zinc, silver, and lead

Luca Mining Corporation Stock Information

Collateral 2: Organto Foods Inc.

Collateral 2: Shares of Organto Foods Inc. (TSX-V: OGO, OTC: OGOFF) (“Organto”)


Market value of collateral: ~US$ 2.3 million


Company info: Organto is an integrated provider of branded, private label and bulk distributed organic and non-GMO fruit and vegetable products Organto grew sales from ~US$1.1 million in 2018 to ~US$20.7 million in 2023, representing five consecutive years of sales growth. It targets annualized 2024 sales in the range of current analyst estimates of CDN $35 to $38 million, and expects to achieve positive EBITDA during the first half of 2024

Organto Foods Inc. Stock Information

Learn More About Calu Financial LLC

Thank you for your interest in Calu Financial LLC.

Please fill out your information and we will contact you shortly with more information on this opportunity.

0 Comments

Leave a reply

Your email address will not be published. Required fields are marked *

*

CONTACT US

Hi. We're not around right now. But you can send us an email and we'll get back to you, asap.

Thanks, Ken

Ken Margolis | Managing Partner Castle Placement, LLC
1460 Broadway Street, Rte 400
New York, New York 10036
(212) 418-1188 | C: (516) 712-7784
kmargolis@castleplacement.com

Sending