Hybrid PayTech World Inc. (CSE: HPT) Announces the extension of the terms of certain warrants for an additional twelve (12) months

MONTREAL, June 27, 2014 /PRNewswire/ - Hybrid Paytech World Inc. (CSE: HPT) (OTC-FPOTF) (the "Company") a leader on Mobile Credit and PIN Debit payment solutions, announces that on this date it has extended the terms of certain series of warrants for a period of twelve (12) months issued on the dates mentioned in the grid below. The grid below also provides information as to the number and exercise price of the warrants. The warrants were to expire respectively on the following dates: September 30, 2014, December 21, 2014 and January 12, 2015. As a result of the extension of the terms of these warrants for an additional twelve (12) months, the amended warrant expiry dates are respectively the following: September 30, 2015, December 21, 2015 and January 12, 2016.

Date
Issued
Exercise
Price
Number of
Amended
Warrants
Expiry
Date
Amended
Expiry Date
21-06-2012 $ 1.25 150 000 21-12-2014 21-12-2015
13-07-2012 $ 1.25 1 128 947 30-09-2014 30-09-2015
12-07-2012 $ 1.25 158 334 12-01-2015 12-01-2016
17-08-2012 $ 1.25 200 001 21-12-2014 21-12-2015

The extension of the terms of the aforesaid warrants constitutes a related party transaction, and the Company is relying on the exemptions provided in sections 5.7.1(a) and 5.5. (a) of Regulation 61-101 Respecting Protection of Minority Security Holders in Special Transactions, the board of directors having acted in good faith with respect to the determination of the fair market value of the transaction concerning the exemption threshold.

About Hybrid PayTech World Inc.

Hybrid PayTech World Inc. Develops an Enterprise Ready Mobile Payment Platform for the leading OS's (IOS, Android, BB and Windows 6,7,8). The Corporation's holding, First Equity Strategy LLC, markets itself with the DBA: Hybrid PayTech. International subsidiaries include Hybrid PayTech Asia Inc, Hybrid PayTech Aspac HK Ltd, Vault Acquiring Solutions LLC and Mobi724 Inc.

For more information on our Company, visit www.hybridpaytechworld.com

Hybrid PayTech based in Montreal, Canada, is a technology leader in the mobile payment space for EMV (certification level for credit and debit) & MSR (magnetic card reader) credit and debit acceptance. With a global footprint, Hybrid is an enabler of easily-deployable payment systems focusing on authentication, approved security and quick merchant adoption in Fleet, Delivery, Logistics and Retail.

For more information on our products and on Hybrid PayTech, visit www.hybridpaytech.com or www.hybridpos.com

The Canadian Securities Exchange (CSE) has not reviewed this news release and does not accept responsibility for its adequacy or accuracy. This news release does not constitute a solicitation to buy or sell any securities in the United States.

 

SOURCE Hybrid PayTech World Inc.



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