Orco announced that it raised EUR14.3m by issuing 145k new share using the PACEO program, which allows the company to issue 1m new share. The proceeds from the issue should be used to finance its development activities and also part of the Viterra acquisition. At the same time 466,254 warrants have been exercised, 81,271 bonds converted and 55,000 options exercised resulting in additional 291,691 new shares. The current total number of shares equals 7,713,231.