Enerdynamic Hybrid Technologies Corp. (TSXV:EHT) announced a private placement on January 16, 2017. The transaction was conditionally approved by the TSX Venture Exchange. On the same date, the company issued 3,473,333 units at CAD 0.15 per unit for gross proceeds of CAD CAD 520,999.95 in its first tranche closing. Each unit consists of one common share and one half of one common share purchase warrant. Each warrant entitles the holder to purchase one additional common share at a price of CAD 0.20 per share for a period of 24 months from the date of closing. The company may pay finder’s fee in the transaction. The securities issued are subject to a hold period of four months plus one day from the date of issuance. The transaction is subject to TSX Venture Exchange approval. The additional tranches are expected to close within the next 10 days.