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Maclos Acquires Units of Enerdynamic Hybrid Technologies Inc. and Grants Stock Options
CNW Group - Tue Nov 12, 10:28AM CST
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.