dynaCERT Inc. Announces Extension to Non-Brokered Private Placement
15 Noviembre 2013 - 11:22AM
Marketwired Canada
dynaCERT Inc. (TSX VENTURE:DYA) ("dynaCERT" or the "Corporation") reports that
the TSX Venture Exchange has granted the Corporation an extension until December
10, 2013 to close its previously announced non-brokered Private Placement (the
"Offering") of up to 18,000,000 units (each, a "Unit") at price of $0.175 per
Unit for aggregate gross proceeds of up to $3,150,000. The proceeds of the
Offering will be used for research and development, retirement of outstanding
liabilities, sales and marketing and for general working capital purposes.
As announced on October 11, 2013, the Corporation issued 2,802,857 Units at a
price of $0.175 per Unit under the first tranche of the Offering, raising gross
proceeds of $490,500. Each Unit under the Offering is comprised of one common
share in the capital of the Corporation (each, a "Common Share") and one common
share purchase warrant (each, a "Warrant"). Each Warrant is exercisable into one
Common Share at a price of $0.25 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 (4) months and one (1) day following the issuance of the
Warrants, the closing trading price of the Common Shares on the TSX Venture
Exchange is greater than Cdn$0.50 per Common Share for a period of ten (10)
consecutive trading days, then dynaCERT may give notice to the holders of
Warrants of its intention to force the exercise of the Warrants. Upon receipt of
such notice, the holders of Warrants shall have 30 days thereafter to exercise
the Warrants, failing which the Warrants will automatically expire.
About dynaCERT Inc.
dynaCERT Inc. manufactures, distributes, and installs Carbon Emission Reduction
Technology for use with internal combustion engines. Our 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. Our technology is
currently in use with on-road applications. More information can be found at
www.dynacert.com.
Forward Looking Information
This release includes forward looking statements, which are based on certain
assumptions and reflects management's current expectations. These forward
looking statements are subject to a number of risks and uncertainties that could
cause actual results or events to differ materially from current expectations.
Some of these factors include: general global economic conditions; general
industry and market conditions and growth rates; uncertainty as to whether our
strategies and business plans will yield the expected benefits; increasing
competition; availability and cost of capital; the ability to identify and
develop and achieve commercial success for new products and technologies; the
level of expenditures necessary to maintain and improve the quality of products
and services; changes in technology; changes in laws and regulations, including
codes and standards, intellectual property rights, and tax matters; the
uncertainty of the emerging hydrogen economy; including the hydrogen economy
moving at a pace not anticipated; our ability to secure and maintain strategic
relationships and distribution agreements.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term
is defined in the policies of the TSX Venture Exchange) accepts responsibility
for the adequacy or accuracy of the release.
FOR FURTHER INFORMATION PLEASE CONTACT:
dynaCERT Inc.
Jonathon Shepherd
General Manager
(416) 766-9691 x605
jshepherd@dynacert.com
dynaCERT Inc.
Investor Relations
(416) 766-9691
ir@dynacert.com
www.dynacert.com
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