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June 30th, 2004
Elron Announces Completion of $6 Million Investment in AMT
Elron Electronic Industries Ltd. has announced the completion of a $6 million round of financing in A.M.T. Advanced Metal Technologies Ltd., an Elron group company, in which Elron invested together with an international strategic partner. Elron invested approximately $3 million in the round of financing. In addition to the $6 million investment, existing AMT shareholders, including Elron, converted shareholder loans in the aggregate amount of approximately $3 million.
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