Business

Elcora Advanced Materials Closes Second Tranche of Private Placement

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BUSINESS

Elcora Advanced Materials Closes Second Tranche of Private Placement

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Elcora Advanced Materials has announced that it has closed the second and final tranche of its non-brokered private placement, which occurred shortly after its first tranche, of which nearly $900USD thousand was raised.

The Company reportedly declared gross proceeds of around $1.35USD for the Second Tranche of the private placement and plans to use the net proceeds gained for “general working capital purposes.”

Photo by Romain Dancre on Unsplash

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