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Message: Electrovaya Announces Closing of the Second Tranche of a Brokered PP

If they do raise $3MM @ 0.70, that's 4.28MM shares. It is around 5% of total shares. If the warrant is exercised and if one investor is invested in the company, it will be around 10% of total shares. It is also interesting to see one of the brokers is Euro Pacific with an office in Tokyo.

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