Mr. Jim Payne reports
DYNACERT RECEIVES CONDITIONAL APPROVAL TO GRADUATE TO THE TORONTO STOCK EXCHANGE
DynaCERT Inc. has received conditional approval from the Toronto Stock Exchange to graduate its listing from the TSX Venture Exchange to the TSX.
The company has closed its transactions with KarbonKleen Inc. and DynaCERT International Strategic Holdings Inc. (DISH), as previously announced on May 11, 2020 (see press release dated May 11, 2020).
Jean-Pierre Colin, executive vice-president of DynaCERT, stated: "Graduating to the TSX represents a significant milestone in our efforts to broaden our appeal to a larger shareholder base, including institutional investors, and raise the company's profile among the investment community. We expect this graduation to further enhance the liquidity of our stock and enable us to continue building long-term shareholder value."
Jim Payne, DynaCERT's president and chief executive officer, stated: "With the approval of the KarbonKleen transaction we can now embark on the subscription program. We believe, with the success of the program, it will open the opportunity for DISH to raise debt or equity financings in a non-dilutive fashion to DynaCERT, to assist our entire global channel of dealers and to more easily roll out our HydraGen technology to end-users worldwide through a subscription monthly payment basis."
Final approval of the TSX listing is subject to the company fulfilling all remaining conditions as required by the TSX, including the completion of a traditional underwritten prospectus offering with a minimum of 50 subscribers, raising a minimum gross proceeds of not less than $5-million and compliance with public distribution and all other standard listing requirements of the TSX on or before Aug. 12, 2020. The company expects to be able to satisfy all of such requirements prior to such time and will issue a statement once timing for completion of the final listing requirements can be estimated and a final trading date has been confirmed by the TSX.
About DynaCERT Inc.
DynaCERT manufactures and distributes carbon emission reduction technology 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, resulting in lower carbon emissions and greater 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, mining and forestry equipment, marine vessels, and railway locomotives.
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