07:08:55 EDT Fri 26 Apr 2024
Enter Symbol
or Name
USA
CA



DynaCERT Inc
Symbol DYA
Shares Issued 381,817,515
Close 2022-11-21 C$ 0.22
Market Cap C$ 83,999,853
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DynaCERT arranges $10M note private placement

2022-11-22 10:11 ET - News Release

Mr. Murray Payne reports

DYNACERT LAUNCHES PRIVATE PLACEMENT OF CARBON CREDIT CONVERTIBLE NOTES

DynaCERT Inc. has launched an offering of up to $10-million of carbon credit convertible notes under private placement exemptions in Canada. The offering is not convertible into the company's common shares and is non-dilutive to shareholders of the company.

Each carbon credit convertible note is priced at $1,000 with a maturity date of 10 years after the date of issue. Commencing at the fifth anniversary after the date of issue, the carbon credit convertible notes will be convertible, at any time thereafter, at the option of the holder, into carbon credits generated by DynaCERT's proprietary HydraGEN technology.

The carbon credit convertible notes are currently designed to be offered as a non-brokered private placement to institutional investors that wish to be the first to gain long-term exposure to carbon credits, including pension funds, mutual funds, growth funds, family offices and high-net-worth individuals and to large issuers in Canada that are among those that purchase carbon credit futures every year and subsequently retire them to offset their greenhouse gases (GHGs) and comply with their ESG (environmental, social and governance) requirements. These corporations may include oil and gas producers, pipelines and utilities, mining companies, industrials, such as manufacturing, chemical or cement plants, airlines, and transportation companies.

The net proceeds of the financing shall be used by the company for working capital of its currently available HydraGEN technology business and fulfill timely delivery of sales of its products and to expedite current and new potential deliveries globally, including to Europe, Australia, North America, South America, Asia and the Middle East and for research and development of its previously announced AEM electrolyzer innovations, designed to serve the hydrogen economy with high-pressure, high-volume green hydrogen. There may be circumstances, however, where, for sound business reasons, a reallocation of funds may be necessary.

The private placement is subject to all necessary regulatory approvals, including acceptance from the Toronto Stock Exchange. All securities issued in connection with the private placement will be subject to the regulatory hold period from the date of issue under applicable Canadian securities laws, in addition to such other restrictions as may apply under applicable securities laws of jurisdictions outside Canada. The company may pay finders' fees in connection with the offering subject to applicable securities legislation and in accordance with the policies of the Toronto Stock Exchange.

Jim Payne, president and chief executive officer of DynaCERT, stated: "Carbon credit convertible notes are an innovative structure offering premium carbon credit futures derived from measured and verified emission reductions from the data received from internal combustion engines. This offering is designed to be appealing to companies and issuers that offset their greenhouse gas emissions (GHGs) as well as institutional investors that so far have had limited ways to gain exposure to the potential and growing demand for voluntary carbon credits. I believe this is a unique and creative non-dilutive way to finance DynaCERT while helping companies meet their ESG requirements."

About DynaCERT Inc.

DynaCERT manufactures and distributes carbon emission reduction technology, along with its proprietary HydraLytica telematics, a means of monitoring fuel consumption and calculating GHG emissions savings designed for the tracking of possible future carbon credits for use with internal combustion engines. As part of the growing global hydrogen economy, the company's patented technology creates hydrogen and oxygen on demand through a unique electrolysis system and supplies these gases through the air intake to enhance combustion, which has shown to lower-carbon emissions and improve fuel efficiency. The company's technology is designed for use with many types and sizes of diesel engines used in on-road vehicles, reefer trailers, off-road construction, power generation, and mining and forestry equipment.

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