dynaCERT Announces Extension of Equity Private Placement
March 20 2018 - 5:00PM
dynaCERT Inc. (TSX VENTURE:DYA) (OTCQB:DYFSF) (DAX:DMJ)
("dynaCERT" or the "Company") is pleased to report that its
previously announced non-brokered equity private placement of units
at a price of $0.42 per unit for aggregate gross proceeds of up to
$3,000,000 (the “Financing”) is ongoing. The first tranche of
this Financing was previously completed, with 2,894,762 units
having been issued on February 22, 2018 for gross proceeds of
$1,215,800. Each unit offered under the Financing consists of
one common share and one-half of one common share purchase warrant.
Each whole warrant is exercisable at $0.50 for a period
of one year from closing, provided however that in the event that
the Company's common shares trade at a price above $1.00 per common
share on the TSX Venture Exchange for twenty (20) consecutive
trading days, dynaCERT shall have the right to give notice to
holders that the warrants shall expire within thirty (30) days of
such notice. The Financing is expected to be completed in one
or more additional tranches. Proceeds from the Financing will be
used to fund working capital, manufacturing and special projects of
the Company. All of the common shares and warrants that are
to be issued in connection with the Financing will be subject to
statutory four-month hold periods.
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, 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
continuation and completion of the Financing and the intended uses
of the proceeds thereof. 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
Murray James Payne,
CEOFor more information, please
contact:
Jim Payne, CEO & PresidentdynaCERT Inc.#101 – 501 Alliance
AvenueToronto, 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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