CPE News Brief (5.7.2022) – The Vurger Co Ltd. has closed a Canadian private placement with Canadian, US and America investors, by way of a convertible debenture financing.
The financing is a prelude to a possible Canadian public listing as the debentures are convertible into shares upon a listing event for the next year.
Research Capital Corporation, Canaccord Genuity Corp., PI Financial Corp., and Leede Jones Gable Inc. acted as placement agents. McMillan LLP acted as legal counsel to Vurger.
Founded by Neil Potts and Rachel Hugh, London, Uk based The Vurger Co is an operator of 100% plant based burger restaurants.
Vurger has been backed by Dismatrix Group which invested in the company in 2020.
photo credit: Vurger