OAK PARK, Michigan, August 27 /PRNewswire/ --
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Azure Dynamics Corporation (TSX: AZD, LSE: ADC & OTCQX: AZDDF) - ("Azure" or the "Company"), a leading developer of hybrid electric and electric powertrains for commercial vehicles, is pleased to announce that it has closed a private placement offering of 100,000,000 common shares at a price of CDN$0.25 per common share (the "Issue Price") for gross proceeds of CDN$25,000,000 (the "Offering").