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BRIEF-Electrovaya announces proposed private placement of convertible debentures

March 15 Electrovaya Inc

* Electrovaya announces proposed private placement of convertible debentures

* Electrovaya Inc says to complete a non-brokered private placement of convertible unsecured subordinated debentures for gross proceeds of up to $25 million

* Electrovaya Inc - debentures will have a term to maturity of 36 months and bear interest at a rate of 9 pct per annum, payable semi-annually

* Electrovaya Inc - net proceeds of sale of debentures will be used for working capital to fulfill purchase orders, and for general corporate purposes Source text for Eikon: Further company coverage:

我们的标准: 汤森路透“信任原则

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