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April 26, 2016 – Elcora Announces a Private Placement Offering

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April 26, 2016 – Elcora Announces a Private Placement Offering

Troy Grant, President and CEO of ELCORA ADVANCED MATERIALS CORP. (TSXV: ERA) (OTCQB: ECORF) (FSE: ELM), (the “Company” or “Elcora”), is pleased to announce a non-brokered private placement offering (the “Private Placement”) of up to 7,500,000 units (“Units”) at a price of $0.40 per Unit to raise aggregate gross proceeds of up to $3,000,000. Each Unit will be comprised of one common share and half common share purchase warrant. Each full warrant gives the holder the right to purchase one additional common share of Elcora at an exercise price of $0.52 for three years following the closing of the Private Placement.

All securities issued pursuant to the Private Placement will be subject to a statutory four-month hold period. The proceeds from the Private Placement will be used for funding additional Lithium-Ion battery testing and for general corporate purposes. Completion of the Private Placement is subject to the approval of the TSX Venture Exchange and is expected to close on or about May 9, 2016.