TORONTO, ON–(Marketwired – September 19, 2016) – Electrovaya (TSX: EFL) (OTCQX: EFLVF) today announced that it has closed the loan agreement and drawn the first tranche of US $5.3 million on the US $10 million (Cdn $13 million) credit facility with a top three Canadian Chartered Bank. Further funds can be drawn at the Company’s discretion within the terms of the agreement.

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