Odd Burger Corporation (TSE:ODD) has released an update.
Odd Burger Corporation has announced a non-brokered private placement aiming to raise up to $4 million through the sale of convertible debentures, with a 36-month maturity and a 15% annual interest rate. These debentures can be converted into common shares at $0.25 each and may be forcibly converted if share prices increase significantly. The funds raised will support Odd Burger’s expansion of its vegan fast-food franchise, distribution of plant-based products, real estate development, and general corporate needs.
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