August 27, 2008
On August 27, 2008, Azure Dynamics Corporation (“Azure”) (TSX: AZD, LSE: ADC &OTCQX: AZDDF), a leading developer of hybrid electric and electric powertrains for commercial vehicles, completed a private placement of 100,000,000 common shares at a price of CDN$0.25 per common share for gross proceeds of CDN$25,000,000.
Raymond James Ltd. acted as agent to Azure in Canada, and Numis Securities Limited acted as agent to Azure in the United Kingdom and certain other foreign jurisdictions, in connection with the offering.
Wildeboer Dellelce LLP represented Raymond James Ltd. with a team that included Derek Sigel, Anndra Schwartz and Patrick Magee (corporate/securities).