Azure Dynamic Corporation Completes $6 Million Public Offering

November 18, 2011

Azure Dynamics Corporation (TSX: AZD) completed a best efforts prospectus offering of 55,000,000 units at a price of $0.11 per unit for gross proceeds of $6,050,000. The offering was conducted through a syndicate of agents co-led by Raymond James Ltd. and Cormark Securities Inc. and including National Bank Financial Inc.

Wildeboer Dellelce LLP acted for the agents in connection with the offering with a team that included Derek Sigel, Darryl Holyday and Julie Anderson (corporate/securities).