07:52 AM EST, 11/22/2024 (MT Newswires) -- Odd Burger ( ODDAF ) on Friday said it will raise $1 million through a non-brokered private placement of up to 4 million units at $0.25 each.

Each unit will consist of one common share and one two-year warrant which can buy a share at $0.30. The offering is expected to close by Dec. 23.

The company also said it terminated its convertible debenture financing, announced in late September.

Odd Burger ( ODDAF ) opened a new restaurant in Vancouver and is launching its first food truck in B.C.