Breaking Cleantech Stock
News: dynaCERT (TSX: $DYA.TO) (OTCQX: $DYFSF) Launches $2,500,000 Non-Brokered
Private Placement of Equity; @dynaCERT
NOT FOR DISSEMINATION IN THE UNITED
STATES OR FOR DISTRIBUTION TO U.S. WIRE SERVICES
TORONTO
- May 17, 2024 (Investorideas.com Newswire) dynaCERT Inc. (TSX: DYA)
(OTCQX: DYFSF) (FRA: DMJ) ("dynaCERT" or the
"Company") is pleased to announce that it has initiated a
non-brokered private placement of equity (the Offering") of up to
16,666,667 units. Each unit (a "Unit") shall be priced at $0.15 per
Unit for a total maximum Offering of $2,500,000. All dollar values are in
Canadian dollars.
This news is paid
advertisement/ news disseminated on behalf of/issued on behalf of dynaCERT Inc.
Read this news, featuring DYA in full at
https://www.investorideas.com/news/2024/05171DYA-Non-Brokered-Private-Placement-of-Equity.asp
Each Unit shall consist of one (1) common share of the Company
(a "Common Share") and one-half (1/2) of a common share purchase
warrant. Each whole warrant (a "Warrant") is exercisable into one (1)
Common Share at an exercise price of $0.20 per Warrant at any time for a period
commencing upon the closing of the Offering (the "Closing Date") for
a period of thirty-six months thereafter.
If at any time after the date that is four months and one day
after the Closing Date, the closing trading price of the Common Shares on the
Toronto Stock Exchange is greater than $0.35 per Common Share for a period of
ten (10) consecutive business days, then the Company may give notice thereof to
the holders of the Warrants, and, in such case, the expiry time of the Warrants
shall be accelerated and shall be the 30th day after the date on which such
notice is deemed to have been given by the Company.
The
gross proceeds of the Offering will be used to finance sales of the Company's
HydraGEN™ Technology Products to participants in the mining, oil & gas,
transportation and generator sectors on a global basis, for working capital and
debt repayment, for general corporate purposes, and to settle advisory fees and
permitted finders' fees under applicable securities legislation (if
applicable).
The Offering will be offered for sale to purchasers (i) in all
provinces of Canada pursuant to available private placement exemptions, (ii) in
the United States on a private placement basis pursuant to available exemptions
from the registration requirements under the United States Securities Act of 1933,
as amended, and (iii) in offshore jurisdictions as may be agreed to by the
Company pursuant to available prospectus or registration exemptions in
accordance with applicable laws.
The Units (and underlying securities) shall be subject to a
statutory hold period that will extend four (4) months plus one day from the
Closing Date.
Subject to applicable securities regulation, the Company may pay
finders fees consisting of up to 5% cash and 5% compensation warrants in
connection with the Offering. The compensation warrants shall be exercisable
into Units at a price of $0.18 per compensation warrant.
Closing
of the Offering is subject to completion of formal documentation and receipt of
all necessary regulatory approvals, including approval of the Toronto Stock
Exchange.
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 and distributes Carbon Emission
Reduction Technology along with its proprietary HydraLytica™ Telematics, a
means of monitoring fuel consumption and calculating GHG emissions savings
designed for the tracking of possible future Carbon Credits for use with
internal combustion engines. As part of the growing global hydrogen economy,
our patented technology creates hydrogen and oxygen on-demand through a unique
electrolysis system and supplies these gases through the air intake to enhance
combustion, which has shown to lower carbon emissions and improve fuel
efficiency. Our 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. Website: www.dynaCERT.com.
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,
information relating to Jeff Zajac cannot be independently verified. 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 the Toronto Stock Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the Toronto Stock
Exchange) accepts responsibility for the adequacy or accuracy of the release.
On Behalf of the Board
Murray James Payne, CEO
Contacts
For more information:
Jim Payne, CEO & President
dynaCERT Inc.
#101 - 501 Alliance Avenue
Toronto, Ontario M6N 2J1
+1 (416) 766-9691 x 2
jpayne@dynaCERT.com
Investor Relations
dynaCERT Inc.
Nancy Massicotte
+1 (416) 766-9691 x 1
nmassicotte@dynaCERT.com
dynaCERT
Inc. (TSX:DYA.TO) (DYFSF) is a featured Renewable Energy / Fuel Cell stock on
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