An anonymous director reports

ODD BURGER SECURES INCREASE TO LINE OF CREDIT AND CLOSES $255K PRIVATE PLACEMENT

Further to the news release dated Nov. 15, 2023, Odd Burger Corp. has agreed to a further advance under a promissory note with Vegan World LLC (the lender) for $250,000. After the advance, the principal amount owing to the lender under the promissory note will be $500,000.

The credit facility will be secured against specific company assets and the loan will bear interest at a rate of 15 per cent per annum, maturing one year from issuance on Nov. 15, 2024. No securities will be issued in conjunction with the credit facility and the lender is an arm's-length transaction to the company.

The company will use the credit facility to accelerate the growth of its consumer packaged goods line, which launched in September, 2023, support the company's franchise expansion in Canada, the United States and abroad and for general working capital purposes.

Private placement

In addition, the company has completed a non-brokered private placement of 1,275,000 units of the company at a price of 20 cents per unit for aggregate gross proceeds of up to $255,000.

Each unit consists of one common share in the capital of the company and one common share purchase warrant. Each warrant entitles the holder thereof to purchase one common share at a price of 35 cents per common share at any time on or before Jan. 29, 2026.

The approval of the offering will be subject to final acceptance of the offering by the TSX Venture Exchange. The units, including all underlying securities thereof, will have a hold period of four months and one day from the date of issue. The net proceeds of the offering will be used by the company for general working capital purposes.

About Odd Burger Corp.

Odd Burger is a franchised vegan fast-food restaurant chain and food technology company that manufactures a proprietary line of plant-based protein and dairy alternatives. Its manufactured products are distributed to Odd Burger restaurant locations through its food service line and also sold at grocery retailers through its consumer packaged goods (CPG) line. Odd Burger restaurants operate as smart kitchens, which use state-of-the-art cooking technology and automation solutions to deliver a delicious food experience to customers craving healthier and more sustainable fast food. With small store footprints optimized for delivery and takeout, advanced cooking technology, competitive pricing, and a vertically integrated supply chain, along with healthier ingredients, Odd Burger is revolutionizing the fast-food industry by creating guilt-free fast food that can be enjoyed at its restaurant locations or at home through its CPG line. Odd Burger is traded on the TSX Venture Exchange under the symbol ODD and on the OTCQB under the symbol ODDAF.

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