Odd Burger Terminates Placement Agreement Due to Default

Author: Evelyn Baker Updated: 10-28-2025 07:58 AM

Overview of the Recent Termination

Odd Burger Corporation (TSXV: ODD, OTC: ODDAF) has recently announced the termination of a significant financial agreement due to a default by an investor. This decision signals a crucial moment for the company as it navigates the complexities of private placements and investment agreements.

The Details of the Agreement

Under the agreement established under an Equity Distribution framework with Westmount Ventures, Odd Burger was set to receive necessary funding for their operations. However, the investor failed to meet their payment obligations, leading to the unraveling of this prospective financial arrangement.

Impact of the Default

This default not only impacted the immediate financial landscape of Odd Burger but also raised concerns regarding the shares issued as part of the agreement. CEO James McInnes had transferred a substantial number of shares, totaling 8,823,529 common shares, to the investor. The failure to return these shares coupled with the absence of any financial remittance has placed the company in a challenging position.

Legal Pursuits by Odd Burger

In response to this breach, Odd Burger and CEO James McInnes are actively pursuing legal measures against Westmount Ventures and its executives to reclaim the assets owed to them. The aim is to recover not only the shares but also any additional damages incurred due to this default, thereby protecting the interests of all stakeholders involved.

Future Financing Strategies

Given these recent developments, Odd Burger is now evaluating alternative financing options. As a leader in the plant-based fast-food sector, the company remains committed to seeking solutions that will facilitate its ongoing growth. Regular updates are anticipated as new financing strategies develop.

About Odd Burger Corporation

Odd Burger Corporation operates a pioneering franchise model focused on vegan fast food. The company specializes in developing plant-based protein and dairy alternatives, aiming to revolutionize the fast-food experience with healthier offerings. Their innovative restaurant model utilizes advanced cooking technologies to ensure that customers receive high-quality, sustainable meals. The integration of smart kitchens and a competitive pricing strategy underpins their mission to provide guilt-free fast food accessible both in restaurants and retail outlets through consumer-packaged goods.

Frequently Asked Questions

What led to the termination of the placement agreement?

The termination was due to the investor's failure to fulfill payment obligations under the financial agreement.

How many shares were involved in the agreement?

A total of 8,823,529 common shares were transferred to the investor as part of the transaction.

What is Odd Burger's next step after the default?

Odd Burger is exploring alternative financing options and pursuing legal action to recover the shares and funds owed.

What does Odd Burger Corporation specialize in?

Odd Burger is a fast-food chain specializing in vegan offerings and innovative food technology.

How does Odd Burger plan to protect its shareholders?

The company is committed to recovering owed amounts through legal remedies and pursuing future financing strategies.

About The Author

Greetings, I'm 32-year-old author and financial specialist Evelyn Baker. My introduction into the financial industry started with an economics degree and continued with a wealth of experience in wealth management and financial consulting. My great passion over the years has been assisting people and companies in making wise, well-informed decisions to reach their financial objectives.

My goal with writing is to simplify difficult financial ideas into understandable, doable guidance. My goal in writing many books and articles is to make personal finance understandable to everyone, irrespective of their experience or background. I want to give readers the information they need to take charge of their financial futures, from investing and retirement planning to budgeting and saving.

Along with my writing, I lead webinars and workshops where I provide doable advice and methods for achieving financial success. To reach a larger audience, I also frequently contribute to financial blogs and publications. My method is always to offer doable, real-world guidance that can actually improve people's lives.

Aside from my job, I like to cook, travel, and experience other cultures. I work hard to apply my belief in the value of a balanced life to my financial counsel. My goal in working is to encourage and enable people to succeed financially so they may lead the best lives possible.

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