dynaCERT Announces Private Placement
15 Febrero 2019 - 5:25PM
dynaCERT Inc. (TSX VENTURE: DYA) (OTCQB: DYFSF) (FRA: DMJ)
("dynaCERT" or the "Company") is pleased to announce a private
placement of units (each, a “Unit”) at a price of $0.25 per Unit
for aggregate gross proceeds of $4,600,000 (the “Offering”).
Each Unit shall consist of one (1) common share (a “Share”) and
one-half (1/2) of one common share purchase warrant, with each
whole warrant (a “Warrant”) entitling the holder to purchase one
(1) Share at an exercise price of $0.35 per Share on or before
December 1, 2020, subject to 30-day notice of acceleration expiry
if, for any ten consecutive trading days during the unexpired term
of such Warrants, the closing price of the Company's Shares on the
TSX Venture Exchange is greater than $0.50.
Closing of the Offering is expected to occur
upon completion of formal documentation and receipt of all
necessary regulatory approvals, including the TSX Venture Exchange.
In accordance with applicable securities laws, all of the Shares
and Warrants issued under the Offering will be subject to a four
(4) month plus one day hold period.
The net proceeds of the Offering will be used
for international marketing of dynaCERT's line of HydraGEN™
Technology products in Europe, South Asia and the Middle East and
for general working capital purposes.
The securities offered hereby have not and will
not be registered under the United States Securities Act of 1933
(the "1933 Act") and may not be offered or sold in the United
States or to U.S. persons (as defined in Regulation S under the
1933 Act) unless the securities have been registered under the 1933
Act, or are otherwise exempt from such registration.
About dynaCERT Inc.dynaCERT
Inc. manufactures, distributes, and installs Carbon Emission
Reduction Technology for use with internal combustion engines. As
part of the growing global hydrogen economy, our patent-pending
technology creates hydrogen and oxygen on-demand through
electrolysis and supplies these through the air intake to enhance
combustion, resulting in lower carbon emissions and greater fuel
efficiency. Our technology is designed for use with all 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 railroad locomotives. Website:
www.dynaCERT.com
READER
ADVISORYExcept 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 completion of the Offering and the proposed uses of the
proceeds of this Offering. 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 or 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
Jim Payne, CEO &
PresidentFor 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
DynaCERT (TSXV:DYA)
Gráfica de Acción Histórica
De Nov 2024 a Dic 2024
DynaCERT (TSXV:DYA)
Gráfica de Acción Histórica
De Dic 2023 a Dic 2024