On September 29, 2017 and October 4, 2017, Electrovaya Inc. (Electrovaya, TSX: EFL) completed an oversubscribed non-brokered private placement of 4,604,347 units in two tranches, at a price of $1.15 per unit for gross proceeds to Electrovaya of approximately $5.3 million. Each unit consisted of one common share of Electrovaya and one warrant to purchase one common share.
Fasken Martineau acted for Electrovaya, with a team led by Anil Aggarwal and that included Myroslav Chwaluk, Dana Gregoire and Ken Taylor (student-at-law).
