Excellium Inc.

July 03, 2012 10:02 ET

Excellium Inc. Announces Private Placement

MONCTON, NEW BRUNSWICK--(Marketwire - July 3, 2012) - Excellium Inc. (TSX VENTURE:XLM) (the "Corporation" or "Excellium"), a Tier II issuer listed on the TSX Venture Exchange (the "Exchange"), wishes to announce that it has closed a small non-brokered private placement to raise gross proceeds of $80,220 with eight new shareholders to provide additional working capital following its previously-announced acquisition of Excellium Technologies Inc. (see news release June 13, 2012). The private placement consisted of the issuance of 668,500 common shares at a price of $0.12 per common share. All common shares issued in connection with the private placement shall be subject to a four-month hold period (expiring October 29, 2012) in accordance with applicable securities requirements. The private placement is subject to fulfillment of the requirements of the Exchange.

Excellium is the new name of Azura Ventures Ltd., a former Capital Pool Company, who changed its name after the completion of its Qualifying Transaction. Additional information concerning the Qualifying Transaction is available in the Filing Statement dated May 30, 2012, which can be found under Excellium Inc. on www.sedar.com.

The TSX Venture Exchange Inc. has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release. The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this press release.

Contact Information

  • Excellium Inc.
    Jean-Claude Siew
    (514) 798-8899