MCM Capital One Inc.

September 05, 2014 15:52 ET

MCM Changes Its Name to Enerdynamic Hybrid Technologies Corp.

TORONTO, ONTARIO--(Marketwired - Sept. 5, 2014) - MCM Capital One Inc. (TSX VENTURE:ZGN.H) (the "Corporation"), a capital pool company, is pleased to announce that it has changed its name to Enerdynamic Hybrid Technologies Corp. This name change follows the completion of the Corporation's acquisition of Enerdynamic Hybrid Technologies Inc. ("EHTI") as the qualifying transaction of the Corporation. For details about that acquisition, see the Corporation's news release dated September 2, 2014 and the filing statement of the Corporation dated August 20, 2014.

The Corporation is submitting materials to the TSX Venture Exchange (the "Exchange") for final approval. Trading in the shares of the Corporation will not occur until the Exchange has confirmed that the documentation requirements of Policy 2.4 of the Exchange have been met.

The Corporation has exercised its right to convert $2,000,000 of debentures issued by EHTI. 4,000,000 common shares of the Corporation have been issued as a result. The conversion price was $0.50 per share.

The number of shares and warrants placed in escrow by Rob Fia and his spouse has been reduced by 90,000 shares and 50,000 warrants from that set out in the filing statement. As a result, a total of 34,755,955 common shares, 4,000,000 warrants and 75,375 options are held in escrow under the escrow agreements entered into in connection with the qualifying transaction and previous escrows of the Corporation's securities.

Forward Looking Information

The information in this news release includes certain information and statements that constitute forward-looking information. Forward-looking information includes the commencement of trading of the Corporation's common shares on the Exchange. These forward looking statements are based upon assumptions that are subject to significant risks and uncertainties. Because of these risks and uncertainties and as a result of a variety of factors, the actual results, achievements or performance may vary materially from those anticipated and indicated by these forward looking statements. The material risk factors that could cause actual results to differ include the risk that there will be a delay in satisfying the listing requirements of the Exchange. Although MCM believes that the expectations reflected in the forward-looking information are reasonable, it can give no assurances that the expectations of any forward-looking information will prove to be correct. Except as required by law, MCM disclaims any intention and assumes no obligation to update or revise any forward-looking information to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward looking statements or otherwise.

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)

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