Azure Dynamics Corp. (Vancouver, BC), a leading developer of hybrid-electric power trains for commercial vehicles, announced that it has issued 67,875 common shares in accordance with an agreement dated July 14, 2004, whereby certain third parties were obligated to purchase such securities at a price of $0.62 per share.
Application has been made for the common shares to be listed on both the TSX and AIM. The issued shares are subject to a four-month hold period and will not be freely transferable through the facilities of the TSX until April 16, 2005. Trading on AIM is expected to commence December 23, 2004.
