13:52:50 EDT Wed 17 Oct 2018
Enter Symbol
or Name
USA
CA



DynaCERT Inc
Symbol C : DYA
Shares Issued 252,987,016
Close 2018-09-17 C$ 0.25
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DynaCERT arranges $3-million private placement

2018-09-18 06:40 ET - News Release

Mr. Murray Payne reports

DYNACERT ANNOUNCES BROKERED PRIVATE PLACEMENT

DynaCERT Inc. has signed an engagement letter with PI Financial Corp., whereby PI Financial will act as lead agent on its own behalf and, if applicable, on behalf of a syndicate of agents for a private placement offering of up to $3-million of units on a best efforts basis, subject to certain conditions stipulated in the engagement letter.

Pursuant to the offering, the company, through PI Financial, will offer units consisting of one common share of DynaCERT and one-half of one common share purchase warrant at a price of 25 cents per unit. Each whole warrant shall entitle the holder to purchase one common share of the company at a price of 50 cents for a period of 24 months from the date of closing of the offering.

The net proceeds of the offering will be used for international marketing of DynaCERT's line of HydraGEN technology products in Europe, South Asia and the Middle East, and general working capital purposes.

The units will be offered to accredited institutions and other accredited investors in Ontario, Alberta and British Columbia, and such other jurisdictions in Canada as PI Financial and the company may agree, subject to certain exemptions and regulatory approval. The units and the shares and warrants underlying the units will be qualified investments for RRSPs, RRIFs, DPSPs, RESPs and TFSAs. The private placement is subject to the completion of formal documentation, receipt of all necessary regulatory approvals, including the TSX Venture Exchange, and other customary conditions. All of the securities sold pursuant to this offering will be subject to a four-month-plus-one-day hold period starting from the date of closing.

The company shall pay a cash commission of 7 per cent and 7 per cent broker warrants to PI Financial on its behalf, and on behalf of the agents, in applicable circumstances.

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, the company'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. The company'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, mining and forestry equipment, marine vessels, and railway locomotives.

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