Business
Odd Burger Announces Private Placement
Odd Burger Corporation (TSXV: ODD) (OTCPK: ODDAF) (FSE: IA9) ("Odd Burger" or the "Company") is pleased to announce that in connection with the previously announced Equity Distribution Agreement with Westmount Ventures Inc. d/b/a Rockcliffe Capital ("Rockcliffe"), and subsequent $1,500,000 drawdown notice, the Company will conduct a Refill Private Placement with CEO, James McInnes and will issue him 8,311,110 common shares of the Company at a price of $0.18 per share for gross proceeds of $1,496
About this update from Odd Burger Corporation
[{"type":"text","content":"LONDON, ON, Sept. 26, 2025 /CNW/ - Odd Burger Corporation (TSXV: ODD) (OTCPK: ODDAF) (FSE: IA9) ("Odd Burger" or the "Company") is pleased to announce that in connection with the previously announced Equity Distribution Agreement with Westmount Ventures Inc. d/b/a Rockcliffe Capital ("Rockcliffe"), and subsequent $1,500,000 drawdown notice, the Company will conduct a Refill Private Placement with CEO, James McInnes and will issue him 8,311,110 common shares of the Company at a price of $0.18 per share for gross proceeds of $1,496,000.","length":570,"tagName":"p"},{"type":"image","alt":"Odd Burger Logo (CNW Group/Odd Burger Corporation)","displaySize":"","headline":null,"caption":"Odd Burger Logo (CNW Group/Odd Burger Corporation)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":400,"url":"https://media.zenfs.com/en/cnwgroup.com/7fd1680f5a18d2290f944f628d3810bf"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/cXPvKnI4OlyxcNJ8ksIQJA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTcwNTtjZj13ZWJw/https://media.zenfs.com/en/cnwgroup.com/7fd1680f5a18d2290f944f628d3810bf","width":400,"height":400}},"href":"https://mma.prnewswire.com/media/2783330/Odd_Burger_Corporation_Odd_Burger_Announces_Private_Placement.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"Initial Drawdown of $1.5 Million","length":32,"tagName":"p"},{"type":"text","content":"On September 11, 2025, the Company delivered its first drawdown notice for $1,500,000 (the "Initial Drawdown") to RockCliffe, which commenced a 10-day pricing period for the transaction and set the following transaction terms:","length":236,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Issue Price: $0.170 per share.","length":30,"tagName":"p"}]},{"val":[{"type":"text","content":"Shares Sold by Insider (Secondary Sale): 8,823,529 shares transferred by James McInnes (the "Selling Shareholder") to Rockcliffe.","length":139,"tagName":"p"}]},{"val":[{"type":"text","content":"Commitment Fee: $100,000, payable in shares.","length":44,"tagName":"p"}]},{"val":[{"type":"text","content":"Work Fee: $40,000, payable in cash and deducted from proceeds.","length":62,"tagName":"p"}]},{"val":[{"type":"text","content":"Net Proceeds to Odd Burger: $1,360,000 (the "Refill Private Placement...