05:19:06 EDT Sun 24 Mar 2019
Enter Symbol
or Name

DynaCERT Inc
Symbol C : DYA
Shares Issued 239,453,474
Close 2018-02-21 C$ 0.39
Recent Sedar Documents

DynaCERT closes $1.21M first tranche of financing

2018-02-22 11:27 ET - News Release

Mr. Murray James Payne reports


DynaCERT Inc. has closed the first tranche of its non-brokered equity private placement, as previously announced on Jan. 31, 2018, via the issuance of 2,894,762 units for gross proceeds of $1,215,800. Each unit consists of one common share and one-half of one common share purchase warrant. Each whole warrant is exercisable at 50 cents for a period of one year from closing, provided however that in the event that the company's common shares trade at a price above $1 per common share on the TSX Venture Exchange for 20 consecutive trading days, DynaCERT shall have the right to give notice to holders that the warrants shall expire within 30 days of such notice. The financing is expected to be completed in multiple tranches, for gross proceeds of up to $3-million. Proceeds from the financing will be used to finance working capital, manufacturing and special projects of the company.

In addition, the company is pleased to announce that, pursuant to agreements entered into with the holders of its convertible notes (aggregate principal amount of $1.26-million) that were issued in November, 2017, where the holders of the notes have agreed to the redemption thereof, all amounts owing under the notes have been repaid in full via the issuance of units (each consisting of common shares and warrants on identical terms as those that have been issued under the financing). Accordingly, the notes were redeemed for an aggregate amount of $1,281,288 (representing the principal amount owing, together with all interest amounts accrued thereunder), with the redemption amount being settled via the issuance of an aggregate of 3,050,686 common shares and 1,525,343 share purchase warrants to the holders of the notes.

All of the common shares and warrants that are to be issued in connection with the financing and the redemption of notes will be subject to statutory four-month hold periods, expiring on June 22, 2018.

About DynaCERT Inc.

DynaCERT manufactures, distributes, and installs carbon emission reduction technology for use with internal combustion engines. As part of the growing global hydrogen economy, DynaCERT's patent-pending technology creates hydrogen and oxygen on-demand through electrolysis and supplies these through the air intake to enhance combustion, resulting in lower carbon emissions and greater fuel efficiency. DynaCERT's technology is designed for use with all types and sizes of diesel engines used in on-road vehicles, reefer trailers, off-road construction, power generation, marine vessels and railroad locomotives.

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