TORONTO, March 8, 2019 /CNW/ - EnerDynamic Hybrid
Technologies Corp. ("EHT" or the "Company")
(TSX-V: EHT) is pleased to announce that it has
completed a non-brokered private placement of $450,000.00 that was conditionally accepted by
the TSX Venture Exchange on February
12, 2019. The private placement, which closed on
February 14, 2019, is comprised of
9,000,000 units at a price of $0.05
per unit. Each unit consists of one common share and one
common share purchase warrant, with each whole warrant being
exercisable for one common share of the Company at a price of
$0.075 per share for a term of 36
months (the "Offering"). No finder's fee was paid in
connection with this placement.
Proceeds from the private placements will be used for general
working capital purposes.
Pursuant to applicable securities laws, all securities issued
under the Offering are subject to a four month and a day hold
period from the date of issuance.
This news release does not constitute an offer to sell, or a
solicitation of an offer to buy, any of the securities in
the United States. The securities
have not been and will not be registered under the United States
Securities Act of 1933, as amended (the "U.S. Securities
Act") or any state securities laws and may not be offered or
sold within the United States or
to U.S. Persons unless registered under the U.S. Securities Act and
applicable state securities laws or an exemption from such
registration is available.
About EnerDynamic Hybrid Technologies
EHT delivers proprietary, turn-key energy solutions which are
intelligent, bankable and sustainable. EHT's expertise includes the
development of its ENERTEC module structures with full integration
of smart energy solutions. Using a proprietary skin and foam core
that is stronger than traditional wood or steel structural
insulated panels, EHT provides exceptional thermal energy
efficiency in modular homes, cold storage facilities,
residential/commercial out buildings and emergency/temporary
shelters. EHT works with its partners worldwide to erect the
buildings on-site utilizing EHT staff and local crews. In addition
to traditional support to established electrical networks, ENERTEC
buildings excel where no electrical grid exists.
About ENERTEC
The EHT advanced ENERTEC Modular Wall
and Roof System uses a proprietary skin and foam core that is
stronger and more energy efficient than traditional wood or steel
structures providing the highest ratings for energy efficiency. EHT
works with its partners worldwide to erect the buildings on-site
utilizing EHT staff and local crews. After installation, each
structure can be furnished and finished to meet the customer's
requirements including siding, tile, kitchens and bathrooms or
segregated commercial rooms. The finished wall product can be
shipped on pallets and delivered via rail, truck or water in
standard formats.
At the core of the ENERTEC product line is the ENERTEC
Embedded Solar Roof Module. Solar cells are embedded in a
proprietary fire proof skin resulting in substantial cost savings
by eliminating heavy glass panels and aluminum racking required for
traditional solar panels. Two barriers to greater adoption of solar
energy are weight limitations of the roof on which solar panels
could be deployed and onerous shipping and labour costs. A lighter
product at a better price point will open a larger market for solar
due to the faster return of capital investment especially for rural
and remote users looking to go off-grid. Furthermore, the entire
EHT embedded solar roof becomes a massive solar panel capable of
producing significantly more energy than the home requires,
allowing the structure to then become an important source of power
for the local micro grid or large battery storage systems.
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
forward-looking 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, including risks related to the
completion of all approvals from applicable regulatory authorities.
Although EHT believes that the assumptions used in preparing the
forward-looking information in this news release are reasonable,
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 w ill 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 otherw ise, other than as required by
applicable securities laws.
SOURCE Enerdynamic Hybrid Technologies Corp.
