10:43:45 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



DynaCERT Inc
Symbol DYA
Shares Issued 233,884,517
Close 2017-07-27 C$ 0.70
Market Cap C$ 163,719,162
Recent Sedar Documents

DynaCERT appoints Bertrand to advisory board

2017-07-28 08:37 ET - News Release

Mr. Jim Payne reports

DYNACERT APPOINTS MARC BERTRAND, FORMER PRESIDENT & CEO OF MEGA BRANDS, TO THE ADVISORY BOARD

Marc Bertrand, the former president and chief executive officer of MEGA Brands, is joining DynaCERT Inc.'s advisory board.

Mr. Bertrand is a seasoned consumer products executive with nearly three decades of success in brand building, strategic licensing, international markets and manufacturing. MEGA was recognized worldwide for innovation, operational excellence, product quality and delivering value to consumers. Mr. Bertrand implemented growth through international expansion with sales teams in Europe, Latin America and Asia, and distribution in over 100 countries. In addition, Mr. Bertrand has actively participated in numerous complex financial transactions.

Mr. Bertrand states, "DynaCERT has an exciting new technology that has proven results for fuel efficiency and, with the significant reductions in greenhouse gases, will be a leader in the new carbon economy."

Private placement

DynaCERT also announces that it has amended the terms and increased the maximum amount of the private placement that was previously announced on June 8, 2017, from $1-million to $3-million. The company expects to close the private placement within the next week. Each unit will be issued at 70 cents and will comprise one common share in the capital of the company and one-half of one common share purchase warrant, with each whole warrant being exercisable into one common share at a price of $1 for a two-year period from the date of issuance. The warrants include an acceleration clause to the effect that if at any time after four months and one day following the issuance of the warrants, the closing trading price of the common shares on the TSX Venture Exchange is greater than $1.75 per common share for a period of 10 consecutive trading days, then DynaCERT may give notice to the holder of the warrants of its intention to force the exercise of the warrants, following which the holder thereof shall have a period of 30 days to exercise the warrants, failing which the warrants will automatically expire.

Mr. Bertrand will be purchasing 334,000 units, Mr. Bertrand's father (Victor Bertrand, the founder of MEGA) will be purchasing 666,000 units and Mr. Bertrand's brother, Vic Bertrand, will be purchasing 285,000 units bringing their respective holdings to 1,234,000 common shares, 1,332,000 common shares and 345,000 common shares.

All of the securities to be issued under the private placement will be subject to a four-month resale restriction. The proposed private placement is subject to receipt of all necessary regulatory approvals including the final approval of the exchange. The exchange has granted the company an extension of up to 30 days to complete the private placement.

The company intends to use the net proceeds of this private placement for research and development and general working capital purposes.

Jim Payne, president and chief executive officer of DynaCERT, states: "It is with great pleasure that we welcome Mr. Bertrand to the DynaCERT advisory board. Mr. Bertrand brings vast knowledge in manufacturing, international markets and building brands. We are very excited that the Bertrand family have renewed their support by increasing their shareholdings of the company and to have access to their extensive network of industry and financial contacts. Their knowledge and experience will be of great benefit to DynaCERT as we grow both in North America and around the world."

About DynaCERT Inc.

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.

We seek Safe Harbor.

© 2024 Canjex Publishing Ltd. All rights reserved.