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Client Work

Azure Dynamics closes US$10.7 million in financing

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Azure Dynamics Corporation

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.