Exro Technologies Inc. (CSE: XRO) (OTCQB: EXROF) Closes Second Financing Round, Enters Strategic Partnership to Expand Internationally

March 9, 2020 11:23:12
  • Exro has closed its second financing round, raising more than $4 million through private placement
  • The company enters partnership with Finnish snowmobile producer to expand globally
  • Successful financing rounds, international partnerships, inexhaustible market make XRO compelling high-growth investment opportunity

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…

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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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