Odd Burger secures $2.5M equity financing

2 hours ago 1

Comments

Odd Burger (TSXV:ODD:CA) said on Thursday that it has entered into an equity distribution agreement with Westmount Ventures d/b/a Rockcliffe Capital, under which the company may issue and sell common shares for aggregate gross proceeds of up to $2.5M over a 24-month period.
James McInnes, the selling shareholder, has delivered his first drawdown notice to Rockcliffe in the amount of $1.5M.
Following the initial drawdown, Odd Burger will complete a “refill private placement” with the selling shareholder, James McInnes, who is an insider of the company.

More on Odd Burger

Financial information for Odd Burger

Recommended For You

More Trending News

Read Entire Article