08:01 AM EDT, 09/20/2024 (MT Newswires) -- Odd Burger ( ODDAF ) said Friday it will raise $4 million through a convertible debenture financing. The company will offer up to 4,000 unsecured convertible debentures at $1,000 each.

Each debenture, which will mature in 36 months, will be convertible into common shares of the company at $0.25 per share. The debentures will accrue interest at 15% per annum, payable at maturity.

Proceeds will be used to grow Odd Burger's ( ODDAF ) operations.