Agent Kingsdale sells 5.05 million flow-through shares at C$0.80 each
By Devika Patel
Knoxville, Tenn., Dec. 15 – Enerdynamic Hybrid Technologies Corp. said it settled a C$4.04 million private placement of stock on Friday. The deal raised C$1.04 million on Nov. 28 and C$3 million on Dec. 12.
The company sold 5.05 million flow-through common shares at C$0.80 per share. The price per share is an 11.11% premium to the Nov. 27 closing share price of C$0.72.
Enerdynamic sold 1.3 million shares in the first tranche and 3.75 million shares in the second.
Investors also received 10% warrant coverage.
Kingsdale Capital Markets Inc. was the agent.
“This financing supports the previously announced acquisition of up to 46 Megawatts of solar energy projects in Ontario,” chief executive officer John Gamble said in a press release.
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.
|
| Issue: | Flow-through common stock
|
| Amount: | C$4.04 million
|
| Shares: | 5.05 million
|
| Price: | C$0.80
|
| Warrants: | 10% coverage
|
| Agent: | Kingsdale Capital Markets Inc.
|
| Settlement date: | Nov. 28 (for C$1.04 million), Dec. 12 (for C$3 million)
|
| Stock symbol: | TSX Venture: EHT
|
| Stock price: | C$0.72 at close Nov. 27
|
| Market capitalization: | C$39.92 million
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
