NetworkNewsBreaks – Exro Technologies Inc. (CSE: XRO) (OTCQB: EXROF) Announces Closing of Final Tranche of $4.3 Million Private Placement
Exro Technologies (CSE: XRO) (OTCQB: EXROF) on Thursday announced that, further to its February 6 and 14, 2020, news releases, it has closed the second and final tranche of its oversubscribed non-brokered private placement financing. According to the update, Exro raised $4,299,590 through the issuance of 12,284,545 common shares, each at a price of $0.35. In the second tranche, 2,253,897 shares were issued for gross proceeds of $788,864. The company intends to use net proceeds raised from the sale of the offering to fund development of its current and new technology programs, the buildout of its new Calgary Innovation Centre,…







