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HALIFAX, Nova Scotia, Oct. 08, 2021 (GLOBE NEWSWIRE) — ELCORA ADVANCED MATERIALS CORP. (TSX.V:ERA | Frankfurt:ELM | OTC – ECORF), (the “Company” or “Elcora”), is pleased to announce that it has closed a second and final tranche of its previously announced (see news release dated September 23, 2021) non-brokered private placement (the “Offering”).
The Company issued 33,983,700 units at a price of $0.05 per Unit for gross proceeds of $1,699,185.00 for the second and final tranche. In total, the Company issued 56,393,700 Units at $0.05 for aggregate gross proceeds of $2,819,685.00.
Each Unit will consist of one (1) common share and one (1)...