TORONTO, Nov. 12, 2013 /CNW/ - Maclos Capital Inc. (the "Company") is pleased to announce that it has acquired 3,000,000 Units of Enerdynamic Hybrid Technologies Inc. ("EHT") at a price of $0.25 per Unit for an aggregate purchase price of $750,000, with each Unit consisting of one common share in the capital of EHT (a "Share") and one share purchase warrant of EHT (a "Warrant"). Each Warrant entitles the holder thereof to acquire one Share at a price of $0.50 per Share at any time until the date that is 12 months following the date of issue of the Warrant (the "First Anniversary") and at a price of $0.75 during the period following the First Anniversary and ending on the date that is 24 months following the date of issue of the Warrant. The acquisition of the Units by the Company was for investment purposes and was part of a larger private placement of Units by EHT.
EHT is in the business of manufacturing and distributing solar panels and vertical wind turbines that are combined with solar panels for optimal energy creation and which will be used to power micro grids for use on cell phone towers, light poles, trucks and remote locations. EHT has its manufacturing and distribution business in Welland, Ontario and a R & D facility in Brantford, Ontario.
The Company also announces that it has granted options to the directors of the Company to purchase an aggregate of 2,400,000 common shares at a price of $0.08 per share, exercisable for 5 years pursuant to the Company's 2012 stock option plan. One-half of the options vest immediately and the remaining options shall vest on the first anniversary of the grant date.
SOURCE: Maclos Capital Inc.
For further information:
about Maclos Capital Inc. please contact:
Mr. Yves Grou, Telephone: (514) 237-7757, E-mail: [email protected]