E Automotive Inc. d/b/a EINC. Announces $20.3 Million Private Placement of Common Shares

Provided By CNW

Last update: Nov 16, 2022

TORONTO, Nov. 16, 2022 /CNW/ - E Automotive Inc. d/b/a EINC (TSX: EINC) ("EINC" or the "Company") announced today that it intends to complete a non-brokered private placement offering (the "Private Placement") of 4,814,100 common shares ("Shares') to Intercap Equity Inc. ("Intercap") at a price of C$4.23 per Share for aggregate gross proceeds of C$20,363,643.