Odd Burger Announces Distribution Deal with Dot Foods Canada
The distribution deal will make Odd Burger's retail and food service line available to hundreds of distributors across Canada, greatly expanding the accessibility of Odd Burger's manufactured food products. Odd Burger manufactures 5 frozen plant-based retail products for grocery stores and 20 plant-based foodservice products designed for restaurant use out of its manufacturing facility in London ON.
The initial launch with Dot will see 5 retail SKUs available for distribution including the Company's ChickUn Fillet, Smash Burger, Chickpea Burger, ChickUn Pretenders and Breakfast Sausage. The distribution deal with Dot will allow Odd Burger to better service national grocery and restaurant chains, as the Company will now be able to offer a convenient distribution channel and a national pricing program for its product lines.
"We believe that this is a very significant step forward for Odd Burger," says James McInnes, CEO and Co-Founder of Odd Burger. "This distribution deal will allow us to secure listings with national retailers and will greatly increase our ability to grow revenue. Dot will also simplify our logistics and production process, which will drive efficiency across our manufacturing division."
Dot Foods Canada is a Canadian business founded in 2016 and is a wholly owned subsidiary of Dot Foods Inc. Dot has distribution centers in Ingersoll ON and Calgary AB where it lists over 3,300 products from over 100 suppliers and services nearly 400 distributors. Dot specializes in Less Than Truckload (LTL) quantities, allowing its customers to order with a single case order minimum making products more accessible and more affordable across the supply chain.
About Odd Burger Corporation
Odd Burger Corporation 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 foodservice line and 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, 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 though its CPG line. Odd Burger Corporation is traded on the TSX Venture Exchange under the symbol "ODD" and on the OTCPK under the symbol "ODDAF". For more information visit https://www.oddburger.com.
Forward-Looking Information
This news release contains forward-looking information for the purpose of providing information about management's current expectations and plans relating to the future. Readers are cautioned that reliance on such information may not be appropriate for other purposes. Any such forward-looking information may be identified by words such as "proposed", "expects", "intends", "may", "will", and similar expressions. Forward looking information contained or referred to in this news release includes statements relating to approval of the TSX Venture Exchange, future restaurant openings, potential franchisees, demand for our products and other similar statements. Forward-looking information is based on several factors and assumptions which have been used to develop such information, but which may prove to be incorrect including, but not limited to material assumptions with respect to the continued strong demand for the Company's products, the availability of sufficient financing on reasonable terms to fund the Company's capital requirements and the ability to obtain necessary equipment, production inputs and labour. Although the Company believes that the expectations reflected in such forward-looking information are reasonable, undue reliance should not be placed on forward-looking information because the Company can give no assurance that such expectations will prove to be correct. Risks and uncertainties that could cause actual results, performance or achievements of the Company to differ materially from those expressed or implied in such forward-looking information include, among others, negative cash flow and future financing requirements to sustain and grow operations, limited history of operations and revenues and no history of earnings or dividends, expansion of facilities, competition, availability of raw materials, dependence on senior management and key personnel, general business risk and liability, regulation of the food industry, change in laws, regulations and guidelines, compliance with laws, unfavourable publicity or consumer perception, product liability and product recalls, risks related to intellectual property, difficulties with forecasts, management of growth and litigation, as well as the impact of, uncertainties and risks associated with the ongoing COVID-19 pandemic, many of which are beyond the control of the Company. For a more comprehensive discussion of the risks faced by the Company, please refer to the Company's Annual Information Form filed with Canadian securities regulatory authorities at www.sedarplus.ca. The forward-looking information in this news release reflects the current expectations, assumptions and/or beliefs of the Company based on information currently available. Any forward-looking information speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking information, whether as a result of new information, future events or results or otherwise. The forward-looking information contained in this news release is expressly qualified by this cautionary statement.
Non-GAAP Measures
This news release may refer to certain non-GAAP measures. These measures are not recognized measures under IFRS, do not have a standardized meaning prescribed by IFRS, and are therefore unlikely to be comparable to similar measures presented by other companies. Rather, these measures are provided as additional information to complement those IFRS measures by providing further understanding of our results of operations from management's perspective. Accordingly, these measures should not be considered in isolation nor as a substitute for analysis of our financial information reported under IFRS. The TSX Venture Exchange has neither approved nor disapproved the contents of this news release. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
SOURCE Odd Burger Corporation
View original content to download multimedia: http://www.newswire.ca/en/releases/archive/May2025/14/c3807.html
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Insider
a day ago
- Business Insider
BMNR: The Big Ethereum Opportunity Wall Street Can't Ignore
InvestorPlace - Stock Market News, Stock Advice & Trading Tips The history of the stock market is always written by the biggest winners. They set the precedent for every newcomer looking to disrupt the old guard stocks that came before. They create the expectations that traders use to price the markets. They're the big movers of the global stock market – often more than religion or government. But history is also littered with forgotten stocks that simply couldn't compete. I should know – I've weathered some of the biggest boom-and-bust cycles in my decades as an options trader. Lessons From the Dot-Com Crash I got my start as a floor trader at the Chicago Mercantile Exchange (CME) in 1997. That's right when the dot-com boom was getting started. I remember that era very clearly. Names like 360Networks, and were sucking up all the oxygen in the stock market. There was a running joke on the floor: affix a '.com' to your name, launch an IPO, and watch the money flood in. For a while, the hype actually worked. These newly-IPO'd stocks were reaching sky-high valuations based on nothing more than a name and a vague idea. But then it all came crashing down like a high-wire act with no net. Market watchers were paying attention to the flashy, attention-grabbing stocks driving the internet hype bubble. Many of these companies eventually filed for bankruptcy under massive debt. Some were eventually absorbed by the competition. And some stocks even saw both outcomes. That overhyped stock eToys? It filed for bankruptcy with $247 million in debt, then got acquired by KB Toys – which also later filed for bankruptcy. As a floor trader, I could smell a rat before many of these companies went bust. They simply weren't stocks I would ever recommend trading. Many players were rightfully consigned to the dust bin of history. But some – like Amazon and eBay – emerged victorious. They managed to beat the hype cycle – and forge a path giving consumers something they didn't even know they needed yet. Those are just a couple of examples. Now I want to reach farther back to give you another one that sets the tone for the big investment idea I'm about to put on your radar today. The Power of the Pivot We all know Apple (AAPL) as one of the biggest companies on Earth. But in the late 1990s, Apple was in an iffy spot. It had gone from being one of the top computing players in the 1980s to a has-been stock with multiple failed product launches. It's easy to forget now, but Apple certainly could've gone the way of eToys and Lycos – or Commodore International and a whole slew of dead home computer companies before it. But then Steve Jobs returned to the helm. And that's when the company started looking beyond the present and asking a fundamental question: What will consumers want to buy a few years from now? They found their pivot point in products like the iPod and iPhone. And that's when Apple rapidly became one of the most valuable stocks out there – part of the same Magnificent Seven as Amazon and Tesla. A powerful pivot can make all the difference. A singular investment in a major trend right as it takes off. A key product launch that plays on something consumers don't even know they want yet. These moves can transform a single stock into a market-dominating player. And right now, we're at the start of a similar moment in the crypto space. Just like Apple and Amazon, this opportunity isn't on most trader's radars – unless you're watching this space. That's because I've been busy highlighting the massive moves stocks are making to gain ETH exposure in 2025. And I've been letting my readers in on the best way to profit from all this momentum. Not only have we already profited from ETH's huge jump over the last year… I've also been eyeing a whole pipeline of crypto opportunities that allow us to gain exposure to assets like ETH without buying it outright. You can click here to find out all about the winning strategy I've been using to capture crypto's biggest profit opportunities. And read on to find out more about the specific land grab that's happening right now – and the best way to profit from it. MicroStrategy's Big Gamble This whole story starts with yet another stock that was once left for dead. But just like Apple, an extraordinary pivot took this stock off life-support in a matter of years. MicroStrategy (MSFR) wasn't on any trader's radar back in 2020. And for a while, it seemed to be coasting much like Apple in the late 90s. It was a company working in a similar field to heavyweights like Microsoft Corp. (MSFT) and Cisco Systems Inc. (CSCO). MicroStrategy's biggest offerings were enterprise software products. But they barely registered on any sales chart. The stock was going nowhere fast. So the company's executive chairman, Michael Saylor, made a bold bet: he believed Bitcoin would eventually outpace gold. And he started to believe that adding more reserves of BTC might be the perfect way to shore up the stock. That's when he started raising capital and buying Bitcoin (BTC). Lots of it. Adding those BTC reserves did more for the stock than any new product launch ever could. The markets stopped caring about their old software business. And investors began to value the stock almost entirely on their Bitcoin stash. As Bitcoin ran higher, MicroStrategy didn't just follow along – it multiplied the gains, fueled by scarcity and investor FOMO. Just take a look at the chart below. Over the last five years, the stock has gone from a measly $14 to $386. That's a 2,740% return for any investor lucky enough to gain exposure to the stock back in 2020. That alone makes MicroStrategy one of the biggest financial success stories of the last five years. And right now, it's getting a sequel. Enter BMNR: The Ethereum Play This time, it isn't Bitcoin in investors' crosshairs. It's Ethereum — and the lead role is being played by Bit Mine Immersion Technologies (BMNR). I put this story on your radar over the last few weeks. And over at Masters in Trading LIVE, I've been giving you a lot more reasons to look into the megatrend boosting stocks like MicroStrategy and BMNR. So let's dive a little deeper… BMNR has a singular public mission: own 5% of all Ethereum in existence. That's about 6 million ETH. With reserves already totaling about 1.15 million ETH (~$5 billion), BMNR is now the largest public ETH treasury in the world. And one mega investor is pulling the strings behind the scenes – Peter Thiel. This is the same contrarian investor who helped launch PayPal, provided Facebook's first major investment, and co-founded Palantir. Thiel has a knack for spotting big changes before the rest of the world realizes the rules are being rewritten. Thiel currently has a 9.1% stake in BMNR. The company is committed to 'best efforts' acquisition – meaning they're moving quickly, not inching in over years. That's setting up the perfect arbitrage opportunity for early investors. And it all comes straight out of the MicroStrategy playbook. Like I mentioned, I've been talking about this pivot all week in Masters in Trading LIVE. On Tuesday, I even broke down the full story behind BitMine's big ETH buying activity. You can learn all about it right here. Why BMNR's Pivot Works Just like MicroStrategy, BMNR's stock is becoming a pure Ethereum proxy. Every time BMNR raises money to buy ETH, the market cap swells in line with the expanded treasury. Does this cause dilution? Yes – but the pie grows much faster than the slices shrink. In bull markets, treasury value can grow from both new ETH purchases and ETH price appreciation. That's a double engine for market cap growth. Now, BMNR isn't just adding some ETH to shore up its reserves. It's aggressively pivoting just like MicroStrategy did. At today's ETH price (~$4,350), here's BMNR's potential trajectory over the next few years: ETH Holdings % of ETH Supply Treasury Value ($B) Implied Share Price* 1,150,0000.96%$5.00B$62.002,150,0001.79%$9.35B$115.913,150,0002.62%$13.70B$169.834,150,0003.46%$18.04B$223.745,150,0004.29%$22.39B$277.656,000,0005.00%$26.09B$323.24 *Illustrative only — in reality, accumulating this much ETH could tighten supply and push prices higher. Add those number together – and you have a few undeniable takeaways… +500,000 ETH in ~60 days is realistic given recent activity. 2 million ETH could be on the books within 6–8 months if raises continue. The 5% goal (~6 million ETH) could be within reach in 2–3 years — right as analysts expect the next ETH bull cycle. This isn't speculation. We're seeing institutional validation at the highest level. And it's all happening right as Ethereum goes mainstream … Ethereum ETFs are gaining massive momentum as the digital asset space continues its historic climb. And just like BitMine, we're also seeing more corporate treasuries rotate into ETH. They're simply positioning ahead of broader Wall Street adoption. Companies are realizing that holding ETH isn't just about crypto exposure. It's about owning a piece of the infrastructure powering the future of finance. And now this major institutional shift into ETH is setting off a whole tidal wave of opportunities for early investors. I want to give you a clear idea of just how big this opportunity is Over 6 million ETH in one treasury could influence global ETH pricing for years to come. So BMNR is in a unique position to control the pricing environment for ETH and a whole raft of other stablecoins. CPI volatility is also pushing capital into scarce assets. The U.S. national debt has surged to nearly $36 trillion, climbing at a pace that even seasoned economists are calling unsustainable. At the same time, the value of the dollar is under increasing pressure. It's not collapsing—but it's quietly eroding. That all means Inflation isn't going away. It's proving far more stubborn than most expected. So investors and institutions are actively on the hunt for alternative stores of value that can also generate yield. That all makes ETH very appealing. And it creates the perfect opportunity for ETH's next bull run to align with BMNR hitting major milestones. Right now, ETH buying is spiking as more investors discover this story. And while those numbers I showed you above might just be projections on a chart right now, they're signaling the next major step in the evolution of cryptos. Just like what happened with MicroStrategy, I expect this story to boost both the stock and ETH itself as it becomes a bigger part of corporate treasuries. And we're on the ground floor watching this story unfold. Ethereum's MicroStrategy Moment This is Ethereum's MicroStrategy moment — only bigger. BMNR isn't just playing the ETH game — they're trying to own a significant piece of the board. If they succeed, they won't just ride the next wave… they could help make it. Of course, it's not just BitMine's story. Like I mentioned, many stocks are remaking themselves as leveraged ETH players in a still-young market. Over the last few weeks, I've told you all about companies like SBET and BitMine rotating their corporate treasuries into ETH. This is where I believe the next big opportunity is opening up for us. Sure, we could buy ETH outright. But the institutional shift that's happening right now gives us an even better entry. Sowe have our stocks. We have our catalysts. And while we're still off from ETH's potential new highs, there's still time to position yourself. Our ETH Success Story My Advanced Notice readers already know exactly how lucrative getting in early and often can be. This week, we're celebrating a major win with our exit from iShares Ethereum Trust ETF (ETHA). Since we first entered this position, we've been riding the wave of corporate America's massive ETH buying spree. And our returns have been incredible. Look, the numbers speak for themselves. Our community members reported these huge gains over in our Discord: James banked $146k in profit Multiple traders scored triple-digit wins from 97% to 216% And many more scored consistent double and triple-digit returns across the board You can find out more about our big win and the story behind it right here. This is just the beginning of the corporate ETH revolution. BMNR's big bet isn't just about a few investors' conviction. It's a signal that the smartest money in Silicon Valley recognizes Ethereum's big moment. And just unlike all the big historical pivots I showed you at the top, we're in the early innings. As more companies remake themselves into ETH proxies, we have the intel we need to make a land grab while most investors' backs are turned. Now is the time to position yourself. Before more ETFs launch, before institutions flood in, and before ETH definitively reclaims leadership in the digital asset space. I'll give you the tools you need to spot the big bets institutional traders are placing on cryptos like ETH right now. And I'll show you exactly what it takes to trade just like the pros in mere days. Remember, the creative trader wins, Jonathan Rose Founder, Masters in Trading P.S. While everyone's watching the S&P 500 flirt with all-time highs and celebrating another stellar earnings season, the smartest money is already positioning for what's coming next. We're standing at the edge of a $20 trillion revolution that will dwarf everything we've seen so far. It's called Physical AI – and it's about to transform how robots interact with the real world. The markets are heading into completely uncharted territory as a new economic order takes shape. And my colleague Eric Fry is ready with his game plan: 7 must-buy stocks and 7 to dump immediately. His 'buy now' list features under-the-radar opportunities that could multiply your money as the world adapts to this Physical AI revolution. Eric's revealing his complete analysis in a special presentation. Click here to see everything he's uncovered.
Business Upturn
a day ago
- Business Upturn
LEADING EDGE MATERIALS ANNOUNCES CLOSING OF PREVIOUSLY ANNOUNCED NON-BROKERED PRIVATE PLACEMENT
By GlobeNewswire Published on August 16, 2025, 02:30 IST LEADING EDGE MATERIALS ANNOUNCES CLOSING OF PREVIOUSLY ANNOUNCED NON-BROKERED PRIVATE PLACEMENT NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAWS. THIS PRESS RELEASE DOES NOT CONSTITUTE AN OFFER, OR A SOLICITATION OF ANY OFFER, TO BUY OR SUBSCRIBE FOR ANY SECURITIES IN LEADING EDGE MATERIALS IN ANY JURISDICTION. Vancouver, August 15, 2025 – Leading Edge Materials Corp. ('Leading Edge Materials' or the 'Company') (TSXV: LEM) (Nasdaq First North: LEMSE) (OTCQB: LEMIF) announces announce the closing of the non-brokered private placement financing (the 'Private Placement') previously announced on June 10, 2025. Pursuant to the Private Placement, the Company has issued 17,738,500 units (the 'Units') at a price of C$0.16 per Unit for aggregate gross proceeds of C$2,838,160. Each Unit consists of one (1) common share (each, a 'Common Share') in the capital of the Company and one (1) Common Share purchase warrant (a 'Warrant'). Each Warrant will entitle the holder to purchase one Common Share (a 'Warrant Share') at a price of C$0.32 per Warrant Share until the date which is four (4) years from the closing date of the Private Placement (the 'Closing Date'). Leading Edge Materials intends to use net proceeds for the Company's projects, located in Sweden and Romania and for general working capital and corporate purposes. A finder's fee of 6% was paid to arm's length third party on a portion of the Private Placement. The Private Placement is subject to final approval from the TSX Venture Exchange (the 'Exchange'). The securities issued pursuant to the Private Placement are subject to applicable statutory resale restrictions, including a hold period expiring on December 15, 2025, pursuant to applicable Canadian securities laws. Insiders of the Company purchased a total of 10,666,000 Units under the Private Placement which constitutes a 'related party transaction' as defined under Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions ('MI 61-101'). The Company relied on exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101 based on the fact that neither the fair market value of the Units subscribed for by the insiders, nor the consideration for the Units paid by such insiders, exceeded 25% of the Company's market capitalization as determined in accordance with MI 61-101. Mr. Eric Krafft, a director of the Company, has subscribed for and acquired 10,666,000 Common Shares under the Private Placement. Prior to the Private Placement, Mr. Krafft beneficially owned and controlled 85,056,577 Common Shares and 22,852,173 warrants of the Company. Mr. Krafft is a Control Person (as defined by the policies of the Exchange), beneficially holding 95,722,577 common shares and 33,518,173 warrants of the Company, representing approximately 38.30% of the issued and outstanding Common Shares on a non-diluted basis, and 48.28% on a partially diluted basis, assuming the exercise of warrants held by Mr. Krafft only. The Company obtained disinterested shareholder approval at the Annual General Meeting held on July 24, 2020 for Mr. Krafft to become a Control Person of the Company. Eric Krafft has acquired the Units for investment purposes and has a long-term view of his investment. In the future, Mr. Krafft may take such actions in respect of his investment in the Company as he may deem appropriate, depending on the market conditions and circumstances at that time. The foregoing disclosure regarding Mr. Krafft's holdings is being disseminated pursuant to National Instrument 62-103 The Early Warning System and Related Take-Over Bid and Insider Reporting Issues (NI 62-103). A copy of Mr. Krafft's early warning report will appear on the Company's profile on SEDAR Plus. The information herein with respect to the number of Mr. Krafft's securities and his intention relating thereto are not within the knowledge of the Company and are provided by Mr. Krafft. The securities have not been, and will not be, registered under the U.S. Securities Act, or any United States state securities laws, and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons absent registration or an applicable exemption from the registration requirements of the U.S. Securities Act and applicable United States state securities laws. This press release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. This news release is not a prospectus under Regulation (EU) 2017/1129 (the 'EU Prospectus Regulation'). The Company has not authorized any offer of securities to the public (as defined in the EU Prospectus Regulation) in any EEA member state and no such prospectus has been or will be prepared in connection with the Private Placement. On behalf of the Board of Directors, Leading Edge Materials Corp. Kurt Budge, CEO For further information, please contact the Company at: [email protected] Follow usTwitter: Linkedin: About Leading Edge Materials Leading Edge Materials is a Canadian public company focused on developing a portfolio of critical raw material projects located in the European Union. Critical raw materials are determined as such by the European Union based on their economic importance and supply risk. They are directly linked to high growth technologies such as lithium-ion batteries and permanent magnets for electric motors, wind turbines and defense applications. The portfolio of projects includes the 100% owned Woxna Graphite mine (Sweden), 100% owned Norra Kärr Heavy Rare Earth Elements project (Sweden) and the 51% owned Bihor Sud Nickel Cobalt exploration alliance (Romania). Additional Information This information is information that Leading Edge Materials Corp. is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication through the agency of the contact person set out above, at August 15, 2025 at 2:30 PM Vancouver time. Leading Edge Materials is listed on the TSXV under the symbol 'LEM', OTCQB under the symbol 'LEMIF' and Nasdaq First North Stockholm under the symbol 'LEMSE'. Svensk Kapitalmarknadsgranskning ('SKMG') is the Company's Certified Adviser for the Nasdaq First North Growth Market (Stockholm) and may be contacted via email [email protected] or by phone +46 (0)8 913 008. Reader Advisory This press release does not constitute an offer, or a solicitation of any offer, to buy or subscribe for any securities in Leading Edge Materials in any jurisdiction. This news release may include forward-looking information that is subject to risks and uncertainties. All statements within, other than statements of historical fact, are to be considered forward-looking, including statements with respect to the closing of the Private Placement, the receipt of regulatory approvals, and the use of proceeds from the Private Placement. Although the Company believes the expectations expressed in such forward-looking information are based on reasonable assumptions, such information is not a guarantee of future performance and actual results or developments may differ materially from those contained in forward-looking information. Factors that could cause actual results to differ materially from those in forward-looking information include, but are not limited to, fluctuations in market prices, successes of the operations of the Company, the Company's ability to close the Private Placement, the Company's ability to obtain the required regulatory approvals, continued availability of capital and financing and general economic, market or business conditions. There can be no assurances that such information will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. The Company does not assume any obligation to update any forward-looking information except as required under the applicable securities laws. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Important information for EEA Investors The release, announcement or distribution of this press release may, in certain jurisdictions, be subject to restrictions. The recipients of this press release in jurisdictions where this press release has been published or distributed shall inform themselves of and follow such restrictions. This press release does not constitute an offer, or a solicitation of any offer, to buy or subscribe for any securities in Leading Edge Materials in any jurisdiction. Any investment decision in connection with the Private Placement must be made on the basis of all publicly available information relating to the Company and the Company's shares/Units. The information contained in this announcement is for background purposes only and does not purport to be full or complete. No reliance may be placed for any purpose on the information contained in this announcement or its accuracy or completeness. This announcement does not purport to identify or suggest the risks (direct or indirect) which may be associated with an investment in the Company or the new shares/Units. This press release is not a prospectus for the purposes of the EU Prospectus Regulation. Leading Edge Materials has not authorized any offer to the public of Units, shares or rights in any member state of the EEA and no prospectus has been or will be prepared in connection with the Private Placement. In the United Kingdom, this document and any other materials in relation to the securities described herein is only being distributed to, and is only directed at, and any investment or investment activity to which this document relates is available only to, and will be engaged in only with, 'qualified investors' who are (i) persons having professional experience in matters relating to investments who fall within the definition of 'investment professionals' in Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the 'Order'); or (ii) high net worth entities falling within Article 49(2)(a) to (d) of the Order (all such persons together being referred to as 'relevant persons'). In the United Kingdom, any investment or investment activity to which this communication relates is available only to, and will be engaged in only with, relevant persons. Persons who are not relevant persons should not take any action on the basis of this document and should not act or rely on it. Attachment LEM – 2025 News Release Annoucing Closing of Financing-final Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same. Ahmedabad Plane Crash GlobeNewswire provides press release distribution services globally, with substantial operations in North America and Europe.
Yahoo
2 days ago
- Yahoo
ZYUS Life Sciences Announces Closing of Second Tranche of Unit Offering
/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/ SASKATOON, SK, Aug. 15, 2025 /CNW/ - ZYUS Life Sciences Corporation (the "Company") (TSXV: ZYUS), a Canadian-based life sciences company focused on the development and commercialization of novel cannabinoid-based pharmaceutical drug candidates for pain management, is pleased to announce that, further to its press release dated July 29, 2025, it has closed the second tranche (the "Second Tranche") of its non-brokered private placement (the "Offering") of units of the Company (each a "Unit") for up to CAD $1,000,000. Under the Second Tranche of the Offering, a further 140,845 Units were issued for aggregate gross proceeds of CAD $100,000. The aggregate gross proceeds raised in the Second Tranche and first tranche of the Offering (which closed on July 29, 2025) (the "First Tranche") is approximately $0.42 million. The Company has issued a total of 591,126 Units each priced at $0.71 per Unit in the First Tranche and the Second Tranche. Each Unit consists of one common share of the Company (a "Common Share") and one Common Share purchase warrant (each Common Share purchase warrant, a "Warrant"), whereby each Warrant entitles the holder to acquire one Common Share at a price of $0.95 for a period of twenty-four months from the date of issuance, unless the term of the Warrant is accelerated pursuant to its terms (the "Acceleration Provision"). In accordance with the Acceleration Provision, if the volume-weighted average trading price of the Common Shares is greater than $3.00 for a period of 5 consecutive trading days on the TSX Venture Exchange (the "TSXV"), the Company will have the right to accelerate the expiry date of the Warrants. Proceeds of the Offering will be used for general corporate and working capital purposes. No finder's fees were paid in connection with the Offering. The Units were offered by way of private placement pursuant to exemptions from prospectus requirements under applicable securities laws. All securities issued under the First Tranche are subject to a hold period expiring November 30, 2025, and all securities issued under the Second Tranche of the Offering are subject to a hold period expiring December 16, 2025, in accordance with applicable securities laws and the policies of the TSXV. The Offering has received conditional approval from the TSXV and remains subject to final acceptance of the TSXV. The securities described herein have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws, and may not be offered or sold within the United States or to, or for account or benefit of, U.S. persons except in compliance with the registration requirements of the U.S. Securities Act and applicable state securities laws or pursuant to available exemptions therefrom. This release does not constitute an offer to sell or a solicitation of an offer to buy of any securities in the United States. About ZYUS Life Sciences Corporation ZYUS (TSXV: ZYUS) is a life sciences company focused on the development and commercialization of novel cannabinoid-based pharmaceutical drug candidates for pain management. Through rigorous scientific exploration and clinical research, ZYUS aims to secure intellectual property protection, safeguarding its innovative therapies and bolstering shareholder value. ZYUS' unwavering commitment extends to obtaining regulatory approval of non-opioid-based pharmaceutical solutions, in pursuit of transformational impact on patients' lives. For additional information, visit or follow us on X @ZYUSCorp. Cautionary Note Regarding Forward-Looking Statements This news release contains "forward-looking information" within the meaning of applicable securities laws relating to the Company's business, the Company's ability to advance clinical research activities, obtain regulatory approval of cannabinoid-based pharmaceutical drug candidates and introduce products that act as alternatives to current pain management therapies such as opioids, receipt of TSXV final acceptance, closing of any additional tranche of the Offering and use of proceeds from the Offering. Any such forward-looking statements may be identified by words such as "expects", "anticipates", "intends", "contemplates", "believes", "projects", "plans", "will" and similar expressions. Readers are cautioned not to place undue reliance on forward-looking statements. Statements about, among other things, the Company's business, the Company's ability to advance clinical research activities, obtain regulatory approval of cannabinoid-based pharmaceutical drug candidates and introduce products that act as alternatives to current pain management therapies such as opioids, obtain TSXV final acceptance, closing of any additional tranche of the Offering and use of proceeds from the Offering are all forward-looking information. These statements should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those implied by such statements. Although such statements are based on management's reasonable assumptions, there can be no assurance that the Company will be able to achieve these results. The Company assumes no responsibility to update or revise forward-looking information to reflect new events or circumstances or actual results unless required by applicable law. Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this press release. SOURCE ZYUS Life Sciences Corporation View original content to download multimedia: Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
