Enerdynamic Hybrid Technologies Corp. EDYYF

EHT Closes First Tranche of Private Placement

[OptimumSpectrum]

https://www.stockhouse.com/news/press-releases/2017/01/16/eht-closes-first-tranche-of-private-placement TORONTO, Jan. 16, 2017 /CNW/ - Enerdynamic Hybrid Technologies Corp. ("EHT" or the "Company") (TSX-V: EHT) announces that it has completed the first tranche of a private placement that was conditionally accepted by the TSX Venture Exchange on December 19, 2016. The Company has raised $520,999.95 of gross proceeds from the sale of units (each a "Unit" and collectively, the "Units") at a price of $0.15 each (the "Offering"), on a brokered private placement basis. Each Unit consists of one (1) common share in the capital of the Company and one-half (1/2) of one (1) share purchase warrant of the Company (a "Warrant"). Each Warrant entitles the holder thereof to acquire one (1) common share at a price of $0.20 per common share at any time prior to 5:00 p.m. (Eastern Standard Time) on the date that is 24 months following the closing date of the Offering. Read more at https://www.stockhouse.com/news/press-releases/2017/01/16/eht-closes-first-tranche-of-private-placement#ZuIYf4PFsMLc7Tvc.99