Odd Burger raises $1.5M via equity deal; CEO commits $1.5M in private placement

2025-09-27 04:38

Odd Burger Corporation (TSXV:ODD:CA) executed a $1.5M equity drawdown under its agreement with Rockcliffe Capital.
8.82M shares were sold by CEO James McInnes in a secondary sale at an issue price of $0.17/share.
Odd Burger receives net proceeds of $1.36M after deducting a $100K share-based commitment fee and $40K work fee.
The company may reimburse up to 2% of the $2.5M total commitment for legal/due diligence costs.
In a parallel refill private placement, CEO James McInnes will purchase 8.31M shares at $0.18/share, contributing $1.496M in gross proceeds.
Source: SEC filing

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