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Elcora Advanced Materials announces the closing of a CDN $102,750 private placement through an 8% interest bearing, unsecured, convertible promissory note maturing on September 27, 2024. The note can be converted into up to 2,055,000 common shares at a conversion price of CDN $0.05 per share. The proceeds will be used for general working capital. All securities are subject to a four-month hold period. The placement is pending final regulatory approvals.