9136-2574 Québec Inc. and Pierre McMaster acquire Securities of Hybrid Paytech World Inc.
MONTREAL, Jan. 13, 2014 /CNW Telbec/ - 9136-2574 Québec Inc. ("9136-2574") and Pierre McMaster announce that they have respectively converted aggregate amounts of $1,119,825 and $682,168 in principal and interest of convertible debentures issued by Hybrid Paytech World Inc. ("Hybrid") and as such, acquired control over common shares of Hybrid (each a "Share") and warrants of Hybrid (each a "Warrant"). Each Warrant entitles the holder thereof to acquire a Share at a price of $0.30 per share until February 9, 2014 and $0.40 per share until March 11, 2014. The Warrants are exercisable until March 11, 2014.
9136-2574 acquired control over 4,124,894 Shares and 4,124,894 Warrants. Assuming the full exercise of the 4,124,894 Warrants, 9136-2574 would acquire control over a maximum of 8,249,788 Shares (including the 4,124,894 Shares issued on January 10, 2014), representing approximately 20.67% of the outstanding Shares, calculated on a partially diluted basis assuming the full exercise of the 4,124,894 Warrants only.
Pierre McMaster acquired control over 2,519,120 Shares and 2,519,120 Warrants. Assuming the full exercise of the 2,519,120 Warrants, Mr. McMaster would acquire control over a maximum of 5,038,240 Shares (including the 2,519,120 Shares issued on January 10, 2014), representing approximately 13.15% of the outstanding Shares, calculated on a partially diluted basis assuming the full exercise of the 2,519,120 Warrants only.
Mr. McMaster has control or direction over 2,580,848 Shares (representing approximately 7.21% of the outstanding Shares), has the right to acquire 219,242 Shares through the exercise of 219,242 options granted by Hybrid (the "Options"), and 2,519,120 Warrants. Assuming the full exercise of the Options and the 2,519,120 Warrants, Mr. McMaster would acquire control over a maximum of 5,319,210 Shares, representing approximately 13.81% of the outstanding Shares, calculated on a partially diluted basis assuming the full exercise of the Options and the 2,519,120 Warrants only.
9136-2574 and Mr. McMaster acquired the Shares and the Warrants for investment purposes only and not with a view to materially affecting control of Hybrid.
SOURCE: Hybrid PayTech World Inc.

For further information or to obtain a copy of the Early Warning Report filed by 9136-2574, please contact Antoine Clermont at 514.989.7799 x 222.
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