February 27, 2020
Press Release
Exro Closes Final Tranche of $4.3 Million Private Placement
VANCOUVER (February 27, 2020) — Exro Technologies Inc. (CSE: XRO; OTCQB: EXROF) (the “Company” or “Exro”) is pleased to announce that, further to its news releases dated February 6 and 14, 2020, it has closed the second and final tranche of its oversubscribed non-brokered private placement financing and raised $4,299,590 through the issuance of 12,284,545 common shares (“Shares”) at a price of $0.35 per Share (the “Offering”). In the second tranche, 2,253,897 Shares were issued for gross proceeds of $788,864.