Mr. Wilmot L. Matthews

August 29, 2016 20:23 ET

Expiry of Warrants of Enerdynamic Hybrid Technologies Corp.

TORONTO, ONTARIO--(Marketwired - Aug. 29, 2016) -

NOT FOR DISSEMINATION IN THE UNITED STATES OR OVER UNITED STATES NEWSWIRE SERVICES

Mr. Wilmot L. Matthews ("Mr. Matthews") announced that on August 29, 2016, 4,000,000 common share purchase warrants of Enerdynamic Hybrid Technologies Corp. ("EHT") beneficially owned by Mr. Matthews expired unexercised, representing a change in Mr. Matthew's securityholding percentage of the issued and outstanding common shares of EHT of approximately 2.25%, assuming the full exercise of all common share purchase warrants that Mr. Matthews beneficially owns or exercises control or direction over.

Immediately prior to the transaction described herein, Mr. Matthews beneficially owned or exercised control or direction over 18,395,000 common shares of EHT and 16,450,000 common share purchase warrants of EHT, representing approximately 15.33% of the issued and outstanding common shares of EHT on a non-diluted basis and representing approximately 25.54% of the issued and outstanding shares of EHT, assuming the full exercise of all warrants that Mr. Matthews beneficially owned or exercised control or direction over.

Immediately after the transaction described herein, Mr. Matthews beneficially owns or exercises control or direction over 18,395,000 common shares of EHT and 12,450,000 common share purchase warrants of EHT, representing approximately 23.29% of the issued and outstanding shares of EHT, assuming the full exercise of all warrants that Mr. Matthews beneficially owns or exercises control or direction over.

Mr. Matthews may increase or decrease his investment, directly or indirectly, in securities of EHT from time to time, depending on market conditions or any other relevant factors.

EHT is located at 1110 Hansler Road, Welland, Ontario, L3C 7M5. Mr. Williams is located at 200 King St. W., Suite 1702, Toronto, Ontario, M5H 3T4. A copy of the early warning report to which this news release relates can be obtained on the SEDAR profile of EHT at www.sedar.com.

Contact Information

  • Aird & Berlis LLP
    416.865.3065