19:36:34 EDT Sat 07 Sep 2024
Enter Symbol
or Name
USA
CA



DynaCERT Inc
Symbol DYA
Shares Issued 416,512,516
Close 2024-06-26 C$ 0.135
Market Cap C$ 56,229,190
Recent Sedar Documents

DynaCERT closes $1.91-million 1st financing tranche

2024-06-27 11:15 ET - News Release

Mr. Murray Payne reports

DYNACERT ANNOUNCES $1,915,100 FIRST TRANCHE CLOSING OF ITS NON-BROKERED PRIVATE PLACEMENT

DynaCERT Inc. has closed the initial tranche of its non-brokered private placement of up to 16,666,667 units with the issuance of 12,767,333 units for gross proceeds of $1,915,100. Each unit (a "Unit") is priced at $0.15 per Unit for a total maximum Offering of $2,500,000. All dollar values are in Canadian dollars.

Each Unit consists of one (1) common share of the Company (a "Common Share") and one-half (1/2) of a common share purchase warrant. Each whole warrant (a "Warrant") is exercisable into one (1) Common Share at an exercise price of $0.20 per Warrant at any time for a period commencing upon the closing of the Offering (the "Closing Date") for a period of thirty-six months thereafter.

If at any time after the date that is four months and one day after the Closing Date, the closing trading price of the Common Shares on the Toronto Stock Exchange is greater than $0.35 per Common Share for a period of ten (10) consecutive business days, then the Company may give notice thereof to the holders of the Warrants, and, in such case, the expiry time of the Warrants shall be accelerated and shall be the 30th day after the date on which such notice is deemed to have been given by the Company.

All of the securities issued under this closing (including all underlying securities) are subject to a statutory hold period of 4 months plus 1 day that will expire on October 28, 2024. Two insiders participated in the Offering, purchasing an aggregate of $412,500 or 2,750,000 Units under this closing. Such subscriptions are considered to be related party transactions and are therefore subject to the provisions of Multilateral Instrument 61-101 - "Protection of Minority Security Holders in Special Transactions", however exemptions are available from the minority shareholder approval and valuation requirements set forth in the foregoing Multilateral Instrument.

In connection with this closing, an aggregate of 21,667 compensation warrants have been issued, each being exercisable into one (1) Unit at an exercise price of $0.18 per Unit for a period of twenty-four (24) months after closing. An aggregate of $4,450 has also been paid in cash commissions. Subject to applicable securities regulation, the Company may pay finders fees consisting of up to 5% cash and 5% compensation warrants in connection with the Offering.

The gross proceeds of the Offering will be used to finance sales of the Company's HydraGEN(TM) Technology Products to participants in the mining, oil & gas, transportation and generator sectors on a global basis, for working capital, for general corporate purposes, and permitted finders' fees under applicable securities legislation (if applicable).

The Offering is offered for sale to purchasers (i) in all provinces of Canada pursuant to available private placement exemptions, (ii) in the United States on a private placement basis pursuant to available exemptions from the registration requirements under the United States Securities Act of 1933, as amended, and (iii) in offshore jurisdictions as may be agreed to by the Company pursuant to available prospectus or registration exemptions in accordance with applicable laws.

The securities offered hereby have not and will not be registered under the United States Securities Act of 1933 (the "1933 Act") and may not be offered or sold in the United States or to U.S. persons (as defined in Regulation S under the 1933 Act) unless the securities have been registered under the 1933 Act or are otherwise exempt from such registration.

About dynaCERT Inc.

dynaCERT Inc. manufactures and distributes Carbon Emission Reduction Technology along with its proprietary HydraLytica(TM) Telematics, a means of monitoring fuel consumption and calculating GHG emissions savings designed for the tracking of possible future Carbon Credits for use with internal combustion engines. As part of the growing global hydrogen economy, our patented technology creates hydrogen and oxygen on-demand through a unique electrolysis system and supplies these gases through the air intake to enhance combustion, which has shown to lower carbon emissions and improve fuel efficiency. Our technology is designed for use with many types and sizes of diesel engines used in on-road vehicles, reefer trailers, off-road construction, power generation, mining and forestry equipment. Website: www.dynaCERT.com.

We seek Safe Harbor.

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