NetworkNewsBreaks - Exro Technologies Inc. (CSE: X
Post# of 48
Exro Technologies (CSE: XRO) (OTCQB: EXROF) on Thursday announced that due to investor demand, it is increasing the size of its previously announced offering (the "Offering" of units of the Company ("Units" from CA$5,000,000 to CA$8,000,000. According to the update, Exro, on June 23, 2020, filed a preliminary short form prospectus with respect to the Offering. Exro will use the net proceeds for further research and development of its intelligent battery management system, micro, light and commercial electric vehicle programs, marketing, capital investments, as well as for general working capital. Proceeds from the additional increase in the Offering will be added to general working capital requirements.
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer