EHT Announces Filing of Early Warning Reports

TORONTO, Dec. 18, 2015 /CNW/ -  Enerdynamic Hybrid Technologies Corp. ("EHT" or the "Company") (TSX-V: EHT) announces the filing of early warning reports in accordance with the early warning requirements of applicable securities laws, further to its news release, dated December 11, 2015, whereby EHT announced that it has completed a brokered private placement of units (the "Private Placement"), pursuant to which the Company issued 5,100,000 units (each a "Unit" and collectively, the "Units") at a price of $0.30 per unit for aggregate gross proceeds of CDN $1,530,000.00. For context, each Unit consists of one (1) common share in the capital of the Company and one (1) share purchase warrant of the Company (a "Warrant"), entitling the holder thereof to acquire one (1) common share at a price of $0.40 per common share at any time prior to 5:00 p.m. (Eastern Standard Time) on December 11, 2018.

In connection with the Private Placement, Wilmot L. Matthews, resident of Toronto, Ontario, at 200 King Street West, Suite 1702, M5H 3T4, subscribed for 2,450,000 Units for aggregate cash consideration of $735,000.00. Following completion of the Private Placement, Mr. Matthews owns or exercises control or direction over an aggregate of 8,395,000 common shares of the Company, representing approximately 9.45% of the issued and outstanding shares of the Company on a non-diluted basis. In addition, Mr. Matthews owns or exercises control or direction over warrants to purchase 4,000,000 common shares of the Company at an exercise price of $0.75 until August 29, 2016, and warrants to purchase 2,450,000 common shares of the Company at an exercise price of $0.40 until December 11, 2018. Assuming full exercise of the warrants, Mr. Matthews would own or exercise control or direction over 14,845,000 common shares of the Company, representing approximately 15.58% of the issued and outstanding common shares of the Company on a partially diluted basis. Mr. Matthews has indicated that the acquisition of Units under the Private Placement is for investment purposes and may, in the future, increase or decrease his ownership of securities of the Company, directly or indirectly, from time to time depending upon market conditions or any other relevant factor.

In further connection with the Private Placement, Donald K. Johnson, resident of Toronto, Ontario, at 287 Oriole Parkway, M5P 2H4, subscribed for 2,500,000 Units for aggregate cash consideration of $750,000.00. Following completion of the Private Placement, Mr. Johnson owns or exercises control or direction over an aggregate of 8,000,000 common shares of the Company, representing approximately 9% of the issued and outstanding shares of the Company on a non-diluted basis. In addition, Mr. Johnson owns or exercises control or direction over warrants to purchase 2,500,000 common shares of the Company at an exercise price of $0.40 until December 11, 2018. Assuming full exercise of the warrants, Mr. Johnson would own or exercise control or direction over 10,500,000 common shares of the Company, representing approximately 11.5% of the issued and outstanding common shares of the Company on a partially diluted basis. Mr. Johnson has indicated that the acquisition of Units under the Private Placement is for investment purposes and may, in the future, increase or decrease his ownership of securities of the Company, directly or indirectly, from time to time depending upon market conditions or any other relevant factor.

The exemption from the prospectus requirement set forth in Section 2.3 of National Instrument 45-106 – Prospectus Exemptions was relied upon in connection with the acquisitions of the Units pursuant to the Private Placement on the basis that Mr. Matthews and Mr. Johnson are accredited investors.

For a copy of the early warning reports, please contact Mr. John Gamble at (289)-488-1699.

This news release is being issued as required by National Instrument 62-103 – The Early Warning System and Related Take-Over Bid and Insider Reporting Issuers and OSC Rule 62-504 – Take-Over Bids and Issuer Bids. A copy of the early warning reports required to be filed by Mr. Matthews and Mr. Johnson with applicable securities commissions in connection with this acquisition will be filed on SEDAR and will be available for review at www.sedar.com under the Company's profile.

About EnerDynamic Hybrid Technologies
EHT delivers proprietary, turn-key energy solutions which are intelligent, bankable and sustainable.  Our energy products and solutions can be implemented immediately wherever they are needed. EHT stands above its competitors by combining a full suite of solar PV, wind and battery storage solutions, which can deliver energy 24 hours per day in both small-scale and large-scale format. Through our 90,000 square foot facility in Ontario, Canada and our growing international foot-print we are able to manufacture, distribute and install world leading energy solutions across the globe. EHT excels where no electrical grid exists in addition to traditional support to established electrical networks which is the new era in the renewable industry.

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.

The statements herein that are not historical facts are forwardlooking statements.  Forward-looking information involves risk, uncertainties and other factors that could cause actual events, results, performance, prospects, and opportunities to differ materially from those expressed or implied by such forward-looking information. Although EHT believes that the assumptions used in preparing the forward-looking information in this news release are reasonable, including that all necessary regulatory approvals will be obtained in a timely manner, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. EHT disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by applicable securities laws.

SOURCE Enerdynamic Hybrid Technologies Inc.

John Gamble, Director, [phone], [email protected], Company Website: www.ehthybrid.com; Stephanie Thompson, Administrative Assistant, [phone], [email protected], Company Website: www.ehthybrid.com