TORONTO, Dec. 15, 2015 /CNW/ - Enerdynamic Hybrid
Technologies Corp. ("EHT" or the "Company")
(TSX-V: EHT) wishes to confirm that its early warrant
exercise incentive program (the "Warrant Incentive Program")
as described in its press release dated August 24, 2015, was successfully completed on
September 29, 2015. In connection
with the Warrant Incentive Program, 1,832,500 Warrants were
exercised, providing gross proceeds of $916,250 to the Company and resulting in the
Company issuing 1,832,500 Common Shares and 458,125 whole incentive
warrants ("Incentive Warrants").
As disclosed in its August 24,
2015 press release, the Company is using the net proceeds of
the Warrant Incentive Program to support its planned growth
initiatives and general working capital purposes. The Incentive
Warrants and the Common Shares issuable on exercise thereof are
subject to a four month hold period that commenced on the date of
issuance of the Incentive Warrants pursuant to applicable Canadian
securities laws.
All warrants that were not exercised under the Warrant Incentive
Program will continue to entitle the holder to acquire one (1)
Common Share at the exercise price of $0.75 per Common Share until August 29, 2016 in accordance with its terms and
the terms of the warrant indenture governing the Warrants.
About EnerDynamic Hybrid Technologies
EHT delivers proprietary, turn-key energy solutions which are
intelligent, bankable and sustainable. Our energy products
and solutions can be implemented immediately wherever they are
needed. EHT stands above its competitors by combining a full suite
of solar PV, wind and battery storage solutions, which can deliver
energy 24 hours per day in both small-scale and large-scale format.
Through our 90,000 square foot facility in Ontario, Canada and our growing international
foot-print we are able to manufacture, distribute and install world
leading energy solutions across the globe. EHT excels where no
electrical grid exists in addition to traditional support to
established electrical networks which is the new era in the
renewable industry.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
The statements herein that are not historical facts are
forwardlooking statements. Forward-looking information
involves risk, uncertainties and other factors that could cause
actual events, results, performance, prospects, and opportunities
to differ materially from those expressed or implied by such
forward-looking information. Factors that could cause actual
results to differ materially from such forward-looking information
include, but are not limited to, regulatory approval processes.
Although EHT believes that the assumptions used in preparing the
forward-looking information in this news release are reasonable,
including that all necessary regulatory approvals will be obtained
in a timely manner, undue reliance should not be placed on such
information, which only applies as of the date of this news
release, and no assurance can be given that such events will occur
in the disclosed time frames or at all. EHT disclaims any intention
or obligation to update or revise any forward-looking information,
whether as a result of new information, future events or otherwise,
other than as required by applicable securities laws.
SOURCE Enerdynamic Hybrid Technologies Corp.