TORONTO, Sept. 9, 2014 /CNW/ - OSM Solarform Corp. (the "Offeror") announces that following a reverse takeover ending on August 29, 2014 which was conducted through the facilities of the TSX Venture Exchange ("TSXV"), it acquired 13,703,204 common shares and 2,000,000 warrants (the "Acquisition") of EHTC Capital One Inc. ("EHTC" or the "Corporation"). Immediately following the Acquisition, the Offeror owned, controlled and had direction over an aggregate of 13,703,204 common shares of the Corporation on a non-diluted basis, representing 23.5% of the issued and outstanding common shares at that time. The Transaction resulted in OSM owning and controlling approximately 26% of EHTC's then issued and outstanding common shares, calculated on a partially diluted basis (i.e. where the common shares issuable on the exercise of OSM's warrants are deemed to be outstanding common shares of EHTC, but no other common shares issuable on the exercise or conversion of convertible securities held by persons other than OSM are deemed to be outstanding). Prior to the Transaction, OSM held none of EHTC's common shares and no warrants.
The Offeror acquired the common shares for investment purposes only and it may, in the future, depending on market and other conditions, increase or decrease its beneficial ownership, control or direction over Common Shares in the capital of the Corporation.
A copy of the early warning report filed in connection with this press release may be found on www.sedar.com under EHTC's corporate profile page.
Inquiries regarding this news release or the contents herein may be referred to EHTC's legal counsel, coordinates of which are found below:
SOURCE: Enerdynamic Hybrid Technologies Corp.
For further information: Loopstra Nixon LLP, 135 Queens Plate Drive, Suite 600, Toronto, ON M9W 6V7, Attention: Derek Van Doorn, Email: [email protected]