Company sells units of one common share and one warrant at C$0.30 each
By Devika Patel
Knoxville, Tenn., Dec. 11 – Enerdynamic Hybrid Technologies Corp. said it completed a C$1.53 million private placement of units. Kingsdale Capital Markets Inc. was the agent.
The company sold units of one common share and one warrant at C$0.30 per unit.
Each three-year warrant is exercisable at C$0.40. The strike price is a 33.33% premium to the Dec. 10 closing share price of C$0.30.
Proceeds will be used for general working capital purposes.
Enerdynamic makes solar, wind and battery storage solutions and is based in Toronto.
| Issuer: | Enerdynamic Hybrid Technologies Corp.
|
| Issue: | Units of one common share and one warrant
|
| Amount: | C$1.53 million
|
| Price: | C$0.30
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | Three years
|
| Warrant strike price: | C$0.40
|
| Agent: | Kingsdale Capital Markets Inc.
|
| Settlement date: | Dec. 11
|
| Stock symbol: | TSX Venture: EHT
|
| Stock price: | C$0.30 at close Dec. 10
|
| Market capitalization: | C$22.59 million
|
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