Odd Burger Company Pronounces Providing of As much as $5 Million

/Not for distribution to United States Newswire Companies or for dissemination in the US/ LONDON,…

Odd Burger Company Pronounces Providing of As much as  Million

/Not for distribution to United States Newswire Companies or for dissemination in the US/

LONDON, ON, Dec. 21, 2022 /CNW/ – Odd Burger Company (TSXV: ODD) (OTCQB: ODDAF) (FSE: IA9) (“Odd Burger” or the “Firm“) is happy to announce its intention to finish a non-brokered personal placement on a greatest efforts foundation of a minimal of 4,000,000 models and a most of 20,000,000 models of the Firm (the “Items“) at a value of $0.25 per Unit for minimal gross proceeds of $1,000,000 and most gross proceeds to the Firm of $5,000,000 (the “Providing“). The Providing is being accomplished pursuant to the Half 5A of Nationwide Instrument 45-106 – Prospectus Exemptions (the “Listed Issuer Financing Exemption“) and accordingly the securities issued within the Providing won’t be topic to a maintain interval pursuant to relevant Canadian securities legal guidelines.

Every Unit shall be comprised of 1 widespread share (“Frequent Share“) within the capital of the Firm and one Frequent Share buy warrant (every complete warrant, a “Warrant“) of the Firm. Every Warrant shall entitle the holder thereof to accumulate one extra Frequent Share at a value of $0.40 for a interval of twenty-four (24) months from the Closing Date (as outlined under) of the Providing. The Providing is non-brokered however the Firm might pay a fee on proceeds obtained.

Topic to compliance with relevant regulatory necessities and in accordance with Nationwide Instrument 45-106 – Prospectus Exemptions, the Items shall be provided on the market to purchasers resident in Canada and/or different qualifying jurisdictions pursuant to the Listed Issuer Financing Exemption.

There may be an providing doc (the “Providing Doc“) associated to the Providing that may be accessed below the Firm’s profile at www.sedar.com and on the Firm’s web site at https://oddburger.com. Potential buyers ought to learn this providing doc earlier than investing resolution.

As disclosed within the Providing Doc, the corporate intends to make use of the online proceeds to ascertain a US presence and create a US operational staff, preliminary worldwide growth into Europe, broaden present manufacturing capability, speed up Canadian progress, and for working capital functions.

The Providing is anticipated to shut on or about January 20, 2023, or such later date because the Firm might decide (the “Closing Date“) and is topic to sure situations together with, however not restricted to, the receipt of all vital approvals, together with the approval of the TSX Enterprise Change.

About Odd Burger Company

Odd Burger Company is a sequence of company-owned and franchised vegan fast-food eating places in addition to a meals know-how firm that manufactures and distributes a line of plant-based protein and dairy alternate options to foodservice channels below the model Preposterous Meals. Odd Burger eating places function as sensible kitchens, which use state-of-the artwork cooking know-how and automation options to ship a scrumptious meals expertise to prospects craving more healthy and extra sustainable quick meals. With small retailer footprints optimized for supply and takeout, superior cooking know-how, aggressive pricing, a vertically built-in provide chain together with more healthy components, Odd Burger is revolutionizing the fast-food business by creating guilt-free quick meals. Odd Burger Company is traded on the TSX Enterprise Change below the image ODD, on the OTCQB below ODDAF, and the Frankfurt Inventory Change below IA9. For extra data go to https://oddburger.com.

Warning Concerning Ahead-Wanting Data

This press launch accommodates forward-looking statements that contain quite a few dangers and uncertainties, together with statements that relate to amongst different issues, the Firm’s methods, intentions, plans, beliefs, expectations and estimates, and may typically be recognized by way of phrases resembling “might”, “will”, “might”, “ought to”, “would”, “probably”, “count on”, “intend”, “estimate”, “anticipate”, “consider”, “plan”, “goal” and “proceed” and phrases and expressions of comparable import. Ahead trying data contained or referred to on this information launch consists of statements relating however not restricted to:, the impression of the event settlement within the areas mentioned; the anticipated future growth of Odd Burger areas and the variety of franchises and the advantages the Firm expects to derive therefrom; in addition to the variety of stores to be opened and the Canada and Franchises in the US mentioned herein. Though the Firm believes that the expectations mirrored in such forward-looking statements are cheap, such statements contain dangers and uncertainties, and undue reliance shouldn’t be positioned on such statements. Sure materials elements or assumptions are utilized in making forward-looking statements, and precise outcomes might differ materially from these expressed or implied in such statements. Essential elements that would trigger precise outcomes to vary materially from expectations embrace however will not be restricted to: financing danger, common enterprise and financial situations (together with however not restricted to forex charges); adjustments in legal guidelines and rules; authorized and regulatory proceedings; and the power to execute strategic plans. The Firm doesn’t undertake any obligation to replace publicly or to revise any of the forward-looking statements contained on this doc, whether or not because of new data, future occasions or in any other case, besides as required by regulation.

Neither the TSX Enterprise Change nor its Regulation Companies Supplier (as that time period is outlined within the insurance policies of the Change) accepts duty for the adequacy or accuracy of this press launch.

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SOURCE Odd Burger Company

Odd Burger Company Pronounces Providing of As much as  Million

For additional data: [email protected]