Mr. Jim Payne reports
DYNACERT ANNOUNCES EXTENSION OF EQUITY PRIVATE PLACEMENT
DynaCERT Inc.'s previously announced non-brokered equity private placement of units at a price of 42 cents per unit for aggregate gross proceeds of up to $3-million continues. The first tranche of this financing was previously completed, with 2,894,762 units having been issued on Feb. 22, 2018, for gross proceeds of $1,215,800. Each unit offered under the financing 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 $1.00 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 one or more additional tranches. Proceeds from the financing will be used to finance working capital, manufacturing and special projects of the company. All of the common shares and warrants that are to be issued in connection with the financing will be subject to statutory four-month hold periods.
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.
We seek Safe Harbor.
© 2019 Canjex Publishing Ltd. All rights reserved.