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Enter Symbol
or Name
USA
CA



DynaCERT Inc
Symbol DYA
Shares Issued 239,128,474
Close 2017-11-20 C$ 0.62
Market Cap C$ 148,259,654
Recent Sedar Documents

DynaCERT closes $1.26M first tranche of financing

2017-11-20 12:49 ET - News Release

An anonymous director reports

DYNACERT ANNOUNCES FIRST TRANCHE CLOSING OF CONVERTIBLE NOTES

DynaCERT Inc. has closed the first tranche in the amount of $1.26-million of a new issue of up to $3.5-million principal amount of convertible notes by way of a non-brokered private placement in Canada to accredited investors. Use of proceeds of the issue of notes is for general working capital of the company.

The notes are issued as of Nov. 17, 2017, at a price of 84 cents maturing Sept. 30, 2020, and, carry a coupon of seven cents, payable annually on Sept. 30 of each year, yielding approximately 8.33 per cent. Each note is convertible at the option of the holder at any time prior to maturity into one unit, each unit consisting of one common share of DynaCERT and one-half of a common share purchase warrant. Each whole warrant is exercisable for two years from the date of issuance of the notes at any time after conversion of the notes for one common share of DynaCERT at an exercise price of $1 per common share. If the common shares of DynaCERT trade over the price of $2 per share on the TSX-V for 20 consecutive trading days, the company shall have the right to give notice to holders that the conversion feature of the notes shall expire within 30 days of such notice. The notes may be transferred subject to applicable Canadian securities legislation at the option of the holder. The notes will not be listed for trading on any stock exchange. The notes have a hold period of four months plus one day from their date of issuance.

The closing of this private placement is subject TSX Venture Exchange final approval.

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.

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