MONTREAL, June 27, 2014 /CNW Telbec/ - Hybrid Paytech World Inc. (CSE: HPT) (OTC-FPOTF) (the "Company") a leader on Mobile Credit and PIN Debit payment
solutions, announces that on this date it has extended the terms of
certain series of warrants for a period of twelve (12) months issued on
the dates mentioned in the grid below. The grid below also provides
information as to the number and exercise price of the warrants. The
warrants were to expire respectively on the following dates: September
30, 2014, December 21, 2014 and January 12, 2015. As a result of the
extension of the terms of these warrants for an additional twelve (12)
months, the amended warrant expiry dates are respectively the
following: September 30, 2015, December 21, 2015 and January 12, 2016.
Date
Issued
|
Exercise
Price
|
Number of
Amended
Warrants
|
Expiry
Date
|
Amended
Expiry Date
|
|
21-06-2012
|
$ 1.25
|
150 000
|
21-12-2014
|
21-12-2015
|
|
13-07-2012
|
$ 1.25
|
1 128 947
|
30-09-2014
|
30-09-2015
|
|
12-07-2012
|
$ 1.25
|
158 334
|
12-01-2015
|
12-01-2016
|
|
17-08-2012
|
$ 1.25
|
200 001
|
21-12-2014
|
21-12-2015
|
The extension of the terms of the aforesaid warrants constitutes a related party transaction, and the Company is relying on the exemptions provided in sections
5.7.1(a) and 5.5. (a) of Regulation 61-101 Respecting Protection of Minority Security Holders in
Special Transactions, the board of directors having acted in good faith with respect to the
determination of the fair market value of the transaction concerning
the exemption threshold.
About Hybrid PayTech World Inc.
Hybrid PayTech World Inc. Develops an Enterprise Ready Mobile Payment
Platform for the leading OS's (IOS, Android, BB and Windows 6,7,8). The
Corporation's holding, First Equity Strategy LLC, markets itself with
the DBA: Hybrid PayTech. International subsidiaries include Hybrid
PayTech Asia Inc, Hybrid PayTech Aspac HK Ltd, Vault Acquiring
Solutions LLC and Mobi724 Inc.
For more information on our Company, visit www.hybridpaytechworld.com
Hybrid PayTech based in Montreal, Canada, is a technology leader in the
mobile payment space for EMV (certification level for credit and debit)
& MSR (magnetic card reader) 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.
For more information on our products and on Hybrid PayTech, visit www.hybridpaytech.com or www.hybridpos.com
The Canadian Securities Exchange (CSE) 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.
