Azure Dynamics closes $10.7 million financing
On December 1, 2003, Azure Dynamics Corporation, a leading developer of hybrid electric powertrains for commercial vehicles announced that it had closed a private placement financing led by Kingsdale Capital Markets Inc. for gross proceeds of $10.7 million.
Azure was advised in this transaction by a team from Fasken Martineau that Craig Brown, Nancy Eastman and Geoff Clarke.