Kingsdale Capital helps sell 3.2 million shares at C$1.00 per share
By Devika Patel
Knoxville, Tenn., Oct. 27 – Enerdynamic Hybrid Technologies Corp. said it settled a C$3.2 million private placement of stock on Friday.
The company sold 3.2 million common shares at C$1.00 per share. The price per share is a 5.26% premium to the Oct. 23 closing share price of C$0.95.
Kingsdale Capital Markets Inc. was the agent.
Based in Toronto, Enerdynamic, formerly MCM Capital One Inc., offers commercial energy solutions that reduce the energy costs of large businesses.
Issuer: | Enerdynamic Hybrid Technologies Corp.
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Issue: | Common stock
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Amount: | C$3.2 million
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Shares: | 3.2 million
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Price: | C$1.00
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Warrants: | No
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Agent: | Kingsdale Capital Markets Inc.
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Settlement date: | Oct. 24
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Stock symbol: | TSX Venture: EHT
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Stock price: | C$0.95 at close Oct. 23
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Market capitalization: | $55.07 million
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