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Elcora Receives Final TSXV Clearance of Subscriber PIF and Confirms New Reporting Insider Status
THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT INTENDED FOR DISTRIBUTIO...
About this update from Elcora Advanced Materials Corp.
[{"type":"text","content":"Elcora Receives Final TSXV Clearance of Subscriber PIF and Confirms New Reporting Insider Status\nTHIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES.                                    HALIFAX, Nova Scotia, April 10, 2026 (GLOBE NEWSWIRE) -- ELCORA ADVANCED MATERIALS CORP. (TSX.V: ERA | Frankfurt: ELM0 | OTCQB: ECORF), (the \"Company\" or \"Elcora\"), is pleased to announce that, further to its news release dated February 12, 2026 announcing the closing of the third and final tranche of its previously announced non-brokered private placement (the “Offering”), it has now received final clearance from the TSX Venture Exchange (the “Exchange”) in respect of the Personal Information Form submitted by Skyline Resources Trading FZE (the “Subscriber”). The Company has also received final acceptance from the Exchange for the issuance to the Subscriber of 6,242,005 units (the “Units”) at a price of $0.12 per Unit. The Units were issued in connection with the third and final tranche of the Offering previously announced on February 12, 2026. Each Unit consists of one common share and one share purchase warrant (a “Warrant”). Each Warrant entitles the holder to acquire one additional common share of the Company at a price of $0.16 for a period of 24 months from the date of issuance.   As previously disclosed, the issuance of the Units to the Subscriber was subject to final Exchange acceptance and clearance of the Subscriber’s Personal Information Form, and the Units were not to be released to the Subscriber until such clearance had been obtained. Final Exchange clearance and acceptance have now been received, and the Units have now been issued to the Subscriber. As a result of the issuance of the Units, the Subscriber now meets the definition of a reporting insider of the Company under National Instrument 55-104 – Insider Reporting Requirements and Exemptions. All securities issued pursuant to the third tranche of the Offering are subject to a statutory hold period of four months and one day from the date of issuance, expiring on August 10, ...