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Odd Burger Closes $490K in Second Tranche ?of Private Placement and Provides Updates on ?First Tranche
Odd Burger Closes $490K in Second Tranche ‎of Private Placement and Provides Updates on &#...
About this update from Odd Burger Corporation
[{"type":"text","content":"\n \n \n \n Odd Burger Closes $490K in Second Tranche ‎of Private Placement and Provides Updates on ‎First Tranche\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 LONDON, ON\n \n \n ,\n \n \n Feb. 6, 2023\n \n \n /CNW/ - Odd Burger Corporation (\"\n \n Odd Burger\n \n \" or the \"\n \n Company\n \n \") ‎‎(TSXV: ODD) (OTCQB: ODDAF) (FSE: IA9) is pleased to announce that it has completed the second ‎tranche of a non-brokered private placement (the \"\n \n Offering\n \n \") of 1,960,000 Units of the Company (the ‎‎\"\n \n Units\n \n \") at a price of\n \n $0.25\n \n per Unit for aggregate gross proceeds of\n \n $490,000\n \n .\n \n \n \n \n \n \n \n \n \n Each Unit consists of one common share in the capital of the Company (a \"\n \n Common Share\n \n \") and ‎one Common Share purchase warrant (a \"\n \n Warrant\n \n \"). Each Warrant entitles the holder thereof to ‎purchase one Common Share at a price of\n \n $0.40\n \n per Common Share (the \"\n \n Warrant Exercise ‎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\n \n February 3\n \n , 2025.‎\n \n \n The approval of the Offering will be subject to final acceptance of the Offering by the TSX Venture ‎Exchange. The net proceeds of the Offering will be used by the Company to establish a US presence ‎and create a US operational team, initial international expansion into\n \n Europe\n \n , expand current ‎production capacity, accelerate Canadian growth, and for working capital purposes.‎\n \n \n Certain insiders of the Company participated in the Offering. Such participation is considered a related ‎party transaction within the meaning of Multilateral Instrument 61-101 – Protection of Minority Security ‎Holders in Spe...