dynaCERT Announces Warrant Amendments
04 Febrero 2019 - 3:30PM
dynaCERT Inc. (TSX VENTURE: DYA) (OTCQB: DYFSF) (FRA: DMJ)
("dynaCERT" or the "Company") is pleased to announce that it has
received approval from the Toronto Venture Exchange (the
“Exchange”) to reprice some of its outstanding warrants, as
previously announced (please see Press Release dated November 27,
2018).
On November 27, 2018, the Company had announced
that it had applied to reprice a total of 7,404,627 warrants
outstanding, with expiry dates ranging from February 2019 to August
2019 and exercise prices of $0.50, in respect of 5,261,771
warrants, and $1.00, in respect of 2,142,856 warrants. The Company
had applied to the Exchange to amend the exercise prices and expiry
dates on such previously issued and outstanding warrants.
As a result, as of this date, the Company now
has outstanding 21,222,547 warrants to purchase common shares, all
of which shall expire on December 1, 2020 and all of which have an
exercise price of $0.35, all of which are subject to 30-day notice
of expiry acceleration if, for any ten consecutive trading days
during the unexpired term of such Warrants, the closing price of
the Company's common shares on the Toronto Venture Exchange is
greater than $0.50. The Company also has 400,000 dealer warrants
outstanding to purchase common shares at an exercise price of $0.25
until December 1, 2020, subject to 30-day acceleration if, for any
ten consecutive trading days during the unexpired term of such
warrants, the closing price of the Company's Shares is greater than
$0.50 and 16,349 dealer warrants outstanding to purchase common
shares at an exercise price of $0.35 until August 21, 2019.
READER ADVISORY
Except for statements of historical fact, this
news release contains certain "forward-looking information" within
the meaning of applicable securities law. Forward-looking
information is frequently characterized by words such as "plan",
"expect", "project", "intend", "believe", "anticipate", "estimate"
and other similar words, or statements that certain events or
conditions "may" or "will" occur. In particular, forward-looking
information in this press release includes, but is not limited to
the potential expansion into new markets, industries and segments,
such as diesel- powered use of any the dynaCERT products and sales.
Although we believe that the expectations reflected in the
forward-looking information are reasonable, there can be no
assurance that such expectations will prove to be correct. We
cannot guarantee future results, performance of achievements.
Consequently, there is no representation that the actual results
achieved will be the same, in whole or in part, as those set out in
the forward-looking information.
Forward-looking information is based on the
opinions and estimates of management at the date the statements are
made, and are subject to a variety of risks and uncertainties and
other factors that could cause actual events or results to differ
materially from those anticipated in the forward- looking
information. Some of the risks and other factors that could cause
the results to differ materially from those expressed in the
forward-looking information include, but are not limited to:
uncertainty as to whether our strategies and business plans will
yield the expected benefits; 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 and changes in laws and regulations; 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; and the other risk factors disclosed under our profile
on SEDAR at www.sedar.com. Readers are cautioned that this list of
risk factors should not be construed as exhaustive.
The forward-looking information contained in
this news release is expressly qualified by this cautionary
statement. We undertake no duty to update any of the
forward-looking information to conform such information to actual
results or to changes in our expectations except as otherwise
required by applicable securities legislation. Readers are
cautioned not to place undue reliance on forward-looking
information.
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.
On Behalf of the Board
Murray James Payne, CEOFor more
information, please contact:
Jim Payne, CEO & PresidentdynaCERT Inc.#101 – 501 Alliance
Avenue Toronto, Ontario M6N 2J1 (416) 766-9691 x
2jpayne@dynaCERT.com
Investor RelationsdynaCERT Inc. Nancy Massicotte (416) 766-9691
x 1ir@dynaCERT.com
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