TSXV:ODD - Post Discussion
Post by
7Twiggy on Jan 25, 2024 1:05pm
Waiting
Odd berger is still advertising a bought deal offering on Stockhouse. When you click on it, you are referred back to the Odd Berger stockhouse listing. Don't think the bought deal from last year was fully subscribed. There were also debentures. "
LONDON, ON, Feb. 6, 2023 /CNW/ - Odd Burger Corporation ("Odd Burger" or the "Company") (TSXV: ODD) (OTCQB: ODDAF) (FSE: IA9) is pleased to announce that it has completed the second tranche of a non-brokered private placement (the "Offering") of 1,960,000 Units of the Company (the "Units") at a price of $0.25 per Unit for aggregate gross proceeds of $490,000." Anyone know what the price is on the new bought deal.. My guess is .25 plus .40 cent warrants. That last bought deal had a lot of insiders involved and the one the year before went for .40 a share and I am guessing there were also insiders involved. The stock currently flerting with .25. You can bet the insiders are making a concerted effort to get this in the money for themselves and all early shareholders. I think we will see the stock take a nice bump once this last bought offering is fully subscribed. 
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 entitles the holder thereof to purchase one Common Share at a price of $0.40 per Common Share (the "Warrant Exercise Price") at any time up to 4:00 p.m. (Toronto time) on or before February 3, 2025.
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