Azure Dynamics Corp. (Vancouver, BC) announced final regulatory approval for a series of private placement financings for gross proceeds of $750,000, as previously announced on November 21, 2002. The hold period on the 200,000 special warrants that were issued expires on March 27, 2003, except in Quebec, where the hold period expires on November 27, 2003, provided Azure becomes a reporting issuer under Quebec securities legislation. The hold period on the 1,300,000 units that were issued expires on March 27, 2003.
