LUXEMBOURG CITY, Luxembourg, March 20, 2017 /CNW/ - This press release is being disseminated by Abira Holdings S.A. ("Abira"), as required by National Instrument 62-103 of the Canadian Securities Administrators in connection with the filing of an early warning report regarding an acquisition by Abira of common share purchase warrants ("Warrants") of EnerDynamic Hybrid Technologies Corp. ("EHTC").
In connection with the settlement of certain debt obligations owed by EHTC to Abira, on March 20, 2016 Abira was issued 22,033,333 Warrants. Immediately prior to the issuance of Warrants, Abira did not own any securities of EHTC. After the issuance of Warrants, Abira's holdings represent 31.4% of EHTC's issued and outstanding Warrants, which if exercised in full, would represent 13.5% of EHTC's issued and outstanding common shares.
The Warrants owned by Abira are held for investment purposes. Abira may, subject to market conditions and in compliance with applicable securities laws, make additional investments in, or dispositions of, securities of EHTC.
The head office of EHTC is located at:
1110 Hansler Road
Welland, Ontario, L3C 7M5.
The address of Abira is:
20 rue Eugene Ruppert
SOURCE Abira Holdings S.A.
For further information: or to obtain a copy of the early warning report, please contact: Neil G. Oberman, Spiegel Sohmer, 1255 Peel, Suite 1000, Montréal, Quebec H3B 2T9, Telephone: 514 875-2100, Fax: 514 875-8237