Toronto, Ontario--(Newsfile Corp. - May 1, 2015) - dynaCERT Inc. (TSXV: DYA) ("dynaCERT" or the "Corporation") provides this Notice of Default further to OSC Policy 51-601 advising that dynaCERT is not filing annual audited financial statements, management discussion and analysis, and CEO and CFO Certification for the period ended December 31, 2014 (collectively "the Required Filing") on the prescribed deadline of April 30, 2015.
The Corporation has made an Application as prescribed under the foregoing policy requesting that a Management Cease Trade Order (MCTO) is imposed in respect of this late filing.
The Corporation's failure to file the Required Filing within the prescribed period of time is due to delays resulting from a recent change in management of the Corporation.
The Corporation has indicated that it is diligently working to file the required filing within 29 days, prior to May 29, 2015.
Further, DynaCERT confirms that it intends to satisfy the requirements to provide Default Status Reports so long as it remains in default of its requirements to file its financial statements within the prescribed period of time.
The Corporation confirms that there are no insolvency proceedings against the Corporation or other material information concerning the affairs of DynaCERT that have not been generally disclosed as of the date herein.
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 periodic updates of results, testing programs and results, negotiations with third parties concerning potential business transactions, and the timing of certain going forward projects. 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, CEO
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