Mar 9, 2020
Exro Technologies Inc. (CSE: XRO) (OTCQB: EXROF), a Canadian technology company that develops intelligent energy-management systems designed to improve the performance and longevity of batteries, electric motors, and generators, has closed the second and final tranche of its oversubscribed, non-brokered private placement. The company raised $4,299,590 through the issuance of 12,284,545 common shares at a price of $0.35 per share (http://nnw.fm/800Bz).
During this second tranche, XRO issued 2,253,897 shares for gross proceeds of $788,864. The company announced the closure of its first financing round last month (http://nnw.fm/xzIV0). In compliance with the prospectus and the relevant laws, the shares are subject to a four-month hold period from the…
NOTE TO INVESTORS: The latest news and updates relating to EXROF are available in the company’s newsroom at http://nnw.fm/EXROF
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