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Enerdynamic Hybrid Technologies Corp
Symbol EHT
Shares Issued 339,976,215
Close 2019-12-31 C$ 0.035
Recent Sedar Documents

Enerdynamic Hybrid closes $1.03-million financing

2019-12-31 18:08 ET - News Release

Mr. John Gamble reports


Enerdynamic Hybrid Technologies Corp. has completed a non-brokered private placement of $1,030,400. The company issued 20,608,000 units at a price of five cents per unit, with each unit consisting of one common share and one common share purchase warrant. Each warrant is exercisable for one common share of the company at a price of five cents per share for a term of 36 months until Dec. 31, 2022. No finders' fees were paid in connection with this offering.

The net proceeds from the offering will be used by the company for general working capital purposes. All securities issued under the offering, including common shares underlying the warrants, are subject to a four-month-and-one-day hold period until May 2, 2020, in accordance with applicable securities legislation and the policies of the TSX Venture Exchange.

A director of the company has subscribed to this offering, therefore related party considerations pursuant to exchange Policy 5.9 and Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions, apply. The company has relied on Section 5.5(a) of MI 61-101 for an exemption from the formal valuation requirement and Section 5.7(1)(a) of MI 61-101 as neither the fair market value of the subject matter, nor the fair market value of the consideration for, the transaction insofar as the transaction involved interested parties exceeded 25 per cent of the company's market capitalization.

About Enerdynamic Hybrid Technologies Corp.

Enerdynamic delivers proprietary, turnkey energy solutions that are intelligent, bankable and sustainable. Enerdynamic's expertise includes the development of its Enertec module structures with full integration of smart energy solutions.

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