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ODD BURGER ANNOUNCES $2.5 MILLION PRIVATE PLACEMENT
ODD BURGER ANNOUNCES $2.5 MILLION PRIVATE PLACEMENT Canada NewsWire /NO...
About this update from Odd Burger Corporation
[{"type":"text","content":"\n \n \n \n ODD BURGER ANNOUNCES $2.5 MILLION PRIVATE PLACEMENT\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n /NOT FOR DISSEMINATION IN\n \n THE UNITED STATES\n \n . FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF\n \n UNITED STATES\n \n SECURITIES LAW./\n \n \n \n \n TORONTO\n \n \n ,\n \n \n March 28, 2022\n \n \n /CNW/ - Odd Burger Corporation (\"\n \n Odd\n \n \n Burger\n \n \" or the \"\n \n Company\n \n \") (TSXV: ODD) (OTCQB: ODDAF) (FSE: IA9) is pleased to announce that it intends to complete a non-brokered private placement (the \"\n \n Offering\n \n \") of up to 6,250,000 units of the Company (the \"\n \n Units\n \n \") at a price of\n \n $0.40\n \n per Unit for aggregate gross proceeds of up to\n \n $2,500,000\n \n .\n \n \n \n \n \n \n \n \n \n Each Unit will consist of one common share in the capital of the Company (a \"\n \n Common\n \n \n Share\n \n \") and one Common Share purchase warrant (a \"\n \n Warrant\n \n \"). Each Warrant will entitle the holder thereof to purchase one Common Share at a price of\n \n $0.60\n \n per Common Share (the \"\n \n Warrant\n \n \n Exercise\n \n \n Price\n \n \") at any time up to\n \n 4:00 p.m.\n \n (\n \n Toronto\n \n time) on or before the earlier of the date that is two years following the closing date of the Offering.\n \n \n The completion of the Offering will be subject to acceptance of the Offering by the TSX Venture Exchange. Closing of the Offering is expected to occur on or about\n \n April 29, 2022\n \n , subject to satisfaction of all closing conditions. The Units, including all underlying securities thereof, will have a hold period of four months and one day from the date of issue.  The net proceeds of the Offering will be used by the Company for sales and marketing of new franchise locations, upgrading manufacturing facilities, completing existing corporate restaurant construction projects and general working capital purposes.\n \n \n A finder's fee of up to 8% of the gross proceeds of the Offering may be paid in cash. In addition, the C...