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/NOT FOR DISSEMINATION IN THE UNITED STATES. FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF UNITED STATES SECURITIES LAW./
TORONTO, June 10, 2022 /CNW/ – Odd Burger Corporation (“Odd Burger” or the “Company“) (TSXV:ODD) (OTCQB:ODDAF) (FSE: IA9) is pleased to announce that it has completed the closing of a third tranche of its previously announced private placement (the “Private Placement“).On June 6, 2022 the Company received an extension from the TSX Venture Exchange (the “TSXV“) to close this final tranche of its Private Placement. The extended final date for acceptance by the TSXV of the Private Placement is June 102022.
On June 9, 2022the Company issued 125,000 units of the Company (the “Units“) at a price of $0.40 per Unit to James McInnesCEO of the Company, and 125,000 Units on the same terms to Vasiliki McInnesCOO of the Company, for aggregate gross proceeds of $100,000 (the “Third Tranche“). Each Unit consists of one common share in the capital of the Company (a “Common Share“) and one Common Share purchase warrant (a “Warrant“). Each Warrant will entitle the holder thereof to purchase one Common Share at a price of $0.60 per Common Share at any time up to 4:00 pm (Toronto time) on or before the earlier of the date that is two years following the closing date. The Units, including all underlying securities thereof, will have a hold period of four months and one day from the date of issue.
As previously announced on April 1, 2022the Company completed an initial closing of the Private Placement on March 31, 2022 (the “First Tranche“). Under the First…
Full story available on Benzinga.com
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