EnerDynamic Hybrid Technologies Corp. is pleased to announce the appointment of Mr. James Kerr as Chief Financial Officer of EHT. Mr. Kerr is an accomplished CFO with over twenty years of extensive experience in corporate restructuring, mergers and acquisitions, debt consolidation, corporate finance, financial statement prep, audit and more. He has held senior positions with publicly traded companies in alternative energy, exploration and construction. Mr. Kerr is a graduate from the University of Western Ontario with a BA and holds the accounting designation CPA, CMA.
"James has a proven track record in corporate finance bringing valuable accounting and finance experience," commented Mr. Gamble. "He is a key addition to our leadership team and has demonstrated his ability to deal with high growth businesses, making him ideally suited to his role as CFO at EHT."
In addition, the company wishes to announce that it has granted an aggregate of 6,220,000 incentive stock options under its stock option plan to its directors, officers, employees and consultants. The stock options are exercisable for up to 5 years at a price of $0.76 per share exercisable on or before October 27, 2019. Option vesting periods range from 18 months (Directors, employees and consultants) to a maximum of 36 months (Executive Officers). The options vest on an equal quarterly basis over the applicable total period. Included in the aggregate grant are 150,000 options granted to Cutler McCarthy for investor relations services. These options vest over 12 months in equal quarterly installments under the same terms of exercise and expiry as the balance of the newly granted options.
The granting of these stock options is subject to regulatory approval including amendment of the plan to permit stock options to be issued with an expiry of less than 10 years.
