MONTREAL, Dec. 2, 2013 /CNW Telbec/ - Hybrid Paytech World Inc, (the
"Company" or "Hybrid"), (CNSX: HPT) announces that on November 22, 2013 it has completed a private placement
previously announced on November 20th, 2013 involving the issuance of unsecured convertible debentures
totalling ($400,000.00) (the "Debentures"). The funds received from the private placement will be utilized for
working capital and shall bear interest at rate of 10% per annum. The
maturity date for the Debentures is December 31, 2014 at which time the
Debentures shall be convertible into common shares (the "Shares") of
the Company at a price of $1.25 per common share, and each common share
converted comes with ¾ common share purchase warrants at an exercise
price of $1.60 expiring twelve months from their issuance.
About Hybrid Paytech World Inc. (formerly Freeport Capital Inc.)
The Company develops an Enterprise Ready Mobile Payment Platform for the
leading OS's (IOS, Android, BB and Windows 7). The Company's holding,
First Equity Strategy LLC, markets itself with the DBA: HybridPaytech.
Visit www.hybridpaytech.com and click on our corporate video presentation http://www.youtube.com/watch?v=XvZHrck2eag&feature=youtu.be
HybridPaytech based in Montreal, Canada, is a technology leader in the mobile payment
space for credit and debit acceptance. With a global footprint, Hybrid
is an enabler of easily-deployable payment systems focusing on
authentication, approved security and quick merchant adoption in Fleet,
Delivery, Logistics and Retail. With its current banking and
fund-transferring partnerships, HybridPaytech has market access to over three million merchants worldwide. For more
information on HybridPaytech, please visit www.hybridpaytech.com / www.hybridpos.com
Certain statements in this document, including those which express
management's expectations or estimations with regard to the Company's
future performance, constitute "forward-looking statements" as
understood by applicable securities laws. Forward-looking statements
are, of necessity, based on a certain number of estimates and
hypotheses; while management considers these to be accurate at the time
they are expressed, they are inherently subject to significant
uncertainties and risks on the commercial, economic and competitive
levels. We advise readers that these forward-looking statements are
subject to risks, uncertainties, and other known and unknown factors
that may cause the actual results, performance or achievements of the
Company to be materially different from any future results, performance
or achievements expressed or implied in these forward-looking
statements. Investors are advised to not rely unduly on the
forward-looking statements. This advisory applies to all
forward-looking statements, whether expressed orally or in writing,
attributed to the Company or to any individual expressing them in the
name of the Company. Unless required by law, the Company is under no
obligation to publicly update these forward-looking statements, whether
to reflect new information, future events, or other circumstances
The Canadian National Stock Exchange (CNSX) has not reviewed this news
release and does not accept responsibility for its adequacy or
accuracy. This news release does not constitute a solicitation to buy
or sell any securities in the United States.
SOURCE Hybrid PayTech World Inc.
