Mr. Jim Payne reports
DYNACERT ANNOUNCES SHARES FOR DEBT SETTLEMENT
In accordance with the agreement previously disclosed in the news release of Dec. 9, 2016, DynaCERT Inc. will be issuing 233,245 shares to Nektar Data Systems at an ascribed price of 64 cents in settlement of $150,000 owing for services performed. The foregoing shares-for-debt transaction is subject to approval by the TSX Venture Exchange. All the foregoing shares will, upon issuance, be subject to a statutory four-month hold period in accordance with applicable securities laws.
DynaCERT manufactures, distributes and installs carbon emission reduction technology for use with internal combustion engines. The company's patent-pending technology creates hydrogen and oxygen on demand through electrolysis and supplies these additives through the air intake to enhance combustion, resulting in lower carbon emissions and greater fuel efficiency. The company's technology is currently in use with on-road applications.
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