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06.06.2016 22:15:36
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DGAP-News: Enerdynamic Hybrid Technologies Corp
DGAP-News: Enerdynamic Hybrid Technologies Announces Filing of Q1 2016 Interim Financial Statements and Revocation of Management Cease Trade Orders
On October 2, 2015, the Company announced that it is not in compliance with the requirements of Section 4.1 of National Instrument 51-102 - Continuous Disclosure Obligations ('NI 51-102') with respect to filing audited annual comparative financial statements given that the Company's comparative financial statements as at and for the year ended November 30, 2013, as included in the November 30, 2014 audited annual financial statements (the '2014 Financial Statements') had not been audited (the 'Initial Default').
As a result of the Initial Default, the Ontario Securities Commission (the 'OSC') granted (i) a permanent management cease trade order on October 28, 2015 in respect of the Company's Chief Executive Officer and Chief Financial Officer at such time, (ii) a permanent management cease trade order on November 4, 2015 in respect of the Company's former Chief Executive Officer, Mr. Roman Eder, and (iii) a permanent management cease trade on November 16, 2015 in respect of the Company's interim Chief Financial Officer, Mr. David Prue (collectively, the 'MCTOs').
In addition to the Initial Default, and as a consequence of the delay in re-filing the 2014 Financial Statements, the Company failed to meet the following filing deadlines (the 'Additional Defaults'): (i) March 29, 2016, in respect of the filing of its audited annual consolidated financial statements, accompanying management's discussion and analysis, and the related officer certifications for the financial year ended November 30, 2015 (collectively, the '2015 Filings'); and (ii) April 29, 2016, in respect of the filing of its consolidated interim financial statements, accompanying management's discussion and analysis, and the related officer certifications for the interim period ended February 29, 2016 (collectively, the 'Q1 2016 Filings'). As a result of the Additional Defaults, the MCTOs remained in place, and the Company continued to be noted in default on the OSC public default list.
Further to the Company's news releases, dated May 19, 2016 and June 3, 2016, the Company confirms that (i) it has re-filed the 2014 Financial Statements, which resolved the Initial Default, and (ii) it has completed the 2015 Filings, which resolved the Company's default arising from its failure to meet the applicable filing deadline of March 29, 2016, in respect of the 2015 Filings.
In light of the foregoing, the Company is pleased to announce that the completion of the Q1 2016 Filings resolves the Company's only outstanding default; accordingly, the OSC will revoke the MCTOs, following which, the Company will no longer be noted in default on the OSC public default list.
Copies of the 2014 Financial Statements, 2015 Filings, and Q1 2016 Filings are available electronically under the Company's profile on SEDAR at www.sedar.com.
About EnerDynamic Hybrid Technologies
EHT delivers proprietary, turn-key energy solutions which are intelligent, bankable and sustainable. Most 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. In addition to traditional support to established electrical networks, EHT excels where no electrical grid exists. Through its recent acquisitions and new product developments, the organization now supplies advanced material solutions for various industries in combination with energy saving and energy generation solutions. EHT's core expertise lies in the development of innovative composite material systems with a full integration of smart energy solutions, which are processed through the use of EHT's proprietary production technologies into attractive applications- primarily modular homes, cold storage facilities, modular hospitals, schools, hotels and residential and commercial buildings.
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 forward-looking 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. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, regulatory approval processes. 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.
FOR FURTHER INFORMATION PLEASE CONTACT:
John Gamble Stephanie Thompson Director Administrative Assistant (289) 488-1699 (289) 488-1699 jgamble@ehthybrid.com info@ehthybrid.com Company Website: www.ehthybrid.com Company Website: www.ehthybrid.com
Click on, or paste the following link into your web browser, to view the associated documents
http://www.newsfilecorp.com/release/20935
News Source: Newsfile
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06.06.2016 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de
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Language: English Company: Enerdynamic Hybrid Technologies Corp. Canada ISIN: CA29272D1015 End of News DGAP News Service ---------------------------------------------------------------------------
469601 06.06.2016
DGAP-News: Enerdynamic Hybrid Technologies Corp. / Key word(s):
Miscellaneous
Enerdynamic Hybrid Technologies Announces Filing of Q1 2016 Interim
Financial Statements and Revocation of Management Cease Trade Orders
06.06.2016 / 22:15
The issuer is solely responsible for the content of this announcement.
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Toronto, Ontario--(Newsfile Corp. - June 6, 2016) - Enerdynamic Hybrid
Technologies Corp. (TSXV: EHT) ('EHT' or the 'Company') is pleased to
announce that it has filed its consolidated interim financial statements,
accompanying management's discussion and analysis, and related officer
certifications, for the three month period ended February 29, 2016.
On October 2, 2015, the Company announced that it is not in compliance with the requirements of Section 4.1 of National Instrument 51-102 - Continuous Disclosure Obligations ('NI 51-102') with respect to filing audited annual comparative financial statements given that the Company's comparative financial statements as at and for the year ended November 30, 2013, as included in the November 30, 2014 audited annual financial statements (the '2014 Financial Statements') had not been audited (the 'Initial Default').
As a result of the Initial Default, the Ontario Securities Commission (the 'OSC') granted (i) a permanent management cease trade order on October 28, 2015 in respect of the Company's Chief Executive Officer and Chief Financial Officer at such time, (ii) a permanent management cease trade order on November 4, 2015 in respect of the Company's former Chief Executive Officer, Mr. Roman Eder, and (iii) a permanent management cease trade on November 16, 2015 in respect of the Company's interim Chief Financial Officer, Mr. David Prue (collectively, the 'MCTOs').
In addition to the Initial Default, and as a consequence of the delay in re-filing the 2014 Financial Statements, the Company failed to meet the following filing deadlines (the 'Additional Defaults'): (i) March 29, 2016, in respect of the filing of its audited annual consolidated financial statements, accompanying management's discussion and analysis, and the related officer certifications for the financial year ended November 30, 2015 (collectively, the '2015 Filings'); and (ii) April 29, 2016, in respect of the filing of its consolidated interim financial statements, accompanying management's discussion and analysis, and the related officer certifications for the interim period ended February 29, 2016 (collectively, the 'Q1 2016 Filings'). As a result of the Additional Defaults, the MCTOs remained in place, and the Company continued to be noted in default on the OSC public default list.
Further to the Company's news releases, dated May 19, 2016 and June 3, 2016, the Company confirms that (i) it has re-filed the 2014 Financial Statements, which resolved the Initial Default, and (ii) it has completed the 2015 Filings, which resolved the Company's default arising from its failure to meet the applicable filing deadline of March 29, 2016, in respect of the 2015 Filings.
In light of the foregoing, the Company is pleased to announce that the completion of the Q1 2016 Filings resolves the Company's only outstanding default; accordingly, the OSC will revoke the MCTOs, following which, the Company will no longer be noted in default on the OSC public default list.
Copies of the 2014 Financial Statements, 2015 Filings, and Q1 2016 Filings are available electronically under the Company's profile on SEDAR at www.sedar.com.
About EnerDynamic Hybrid Technologies
EHT delivers proprietary, turn-key energy solutions which are intelligent, bankable and sustainable. Most 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. In addition to traditional support to established electrical networks, EHT excels where no electrical grid exists. Through its recent acquisitions and new product developments, the organization now supplies advanced material solutions for various industries in combination with energy saving and energy generation solutions. EHT's core expertise lies in the development of innovative composite material systems with a full integration of smart energy solutions, which are processed through the use of EHT's proprietary production technologies into attractive applications- primarily modular homes, cold storage facilities, modular hospitals, schools, hotels and residential and commercial buildings.
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 forward-looking 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. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, regulatory approval processes. 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.
FOR FURTHER INFORMATION PLEASE CONTACT:
John Gamble Stephanie Thompson Director Administrative Assistant (289) 488-1699 (289) 488-1699 jgamble@ehthybrid.com info@ehthybrid.com Company Website: www.ehthybrid.com Company Website: www.ehthybrid.com
Click on, or paste the following link into your web browser, to view the associated documents
http://www.newsfilecorp.com/release/20935
News Source: Newsfile
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06.06.2016 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de
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Language: English Company: Enerdynamic Hybrid Technologies Corp. Canada ISIN: CA29272D1015 End of News DGAP News Service ---------------------------------------------------------------------------
469601 06.06.2016
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