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Odd Burger Corporation Announces Offering of Up to $5 Million
Odd Burger Corporation Announces Offering of Up to $5 Million Canada NewsWire ...
About this update from Odd Burger Corporation
[{"type":"text","content":"\n \n \n \n Odd Burger Corporation Announces Offering of Up to $5 Million\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.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n /Not for distribution to United States Newswire Services or for dissemination in\n \n the United States\n \n /\n \n \n \n \n \n LONDON, ON\n \n \n ,\n \n \n Dec. 21, 2022\n \n \n /CNW/ - Odd Burger Corporation (TSXV: ODD) (OTCQB: ODDAF) (FSE: IA9) (\"\n \n Odd Burger\n \n \" or the \"\n \n Company\n \n \") is pleased to announce its intention to complete a non-brokered private placement on a best efforts basis of a minimum of 4,000,000 units and a maximum of 20,000,000 units of the Company (the \"\n \n Units\n \n \") at a price of\n \n $0.25\n \n per Unit for minimum gross proceeds of\n \n $1,000,000\n \n and maximum gross proceeds to the Company of\n \n $5,000,000\n \n (the \"\n \n Offering\n \n \"). The Offering is being completed pursuant to the Part 5A of National Instrument 45-106 –\n \n Prospectus Exemptions\n \n (the \"\n \n Listed Issuer Financing Exemption\n \n \") and accordingly the securities issued in the Offering will not be subject to a hold period pursuant to applicable Canadian securities laws.\n \n \n \n \n \n \n \n \n \n Each Unit shall be comprised of one common share (\"\n \n Common Share\n \n \") in the capital of the Company and one Common Share purchase warrant (each whole warrant, a \"\n \n Warrant\n \n \") of the Company. Each Warrant shall entitle the holder thereof to acquire one additional Common Share at a price of\n \n $0.40\n \n for a period of twenty-four (24) months from the Closing Date (as defined below) of the Offering. The Offering is non-brokered but the Company may pay a commission on proceeds obtained.\n \n \n Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106 –\n \n Prospectus Exemptions\n \n , the Units will be offered for sale to purchasers resident in\n \n Canada\n \n and/or other qualifying jurisdictions pursuant to the Listed Issuer Financing Exemption.\n...