March 15, 2017 / 8:51 PM / 5 months ago

BRIEF-Electrovaya announces proposed private placement of convertible debentures

March 15 (Reuters) - Electrovaya Inc

* Electrovaya announces proposed private placement of convertible debentures

* Electrovaya Inc says to complete a non-brokered private placement of convertible unsecured subordinated debentures for gross proceeds of up to $25 million

* Electrovaya Inc - debentures will have a term to maturity of 36 months and bear interest at a rate of 9 pct per annum, payable semi-annually

* Electrovaya Inc - net proceeds of sale of debentures will be used for working capital to fulfill purchase orders, and for general corporate purposes Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below