Skip to main content

dynaCERT Inc. Announces Closing of Second Tranche of Private Placement

Toronto, Ontario--(Newsfile Corp. - May 8, 2015) - dynaCERT Inc. (TSXV: DYA) ("dynaCERT" or the "Corporation") announces that it has closed a second tranche of its non-brokered private placement offering (the "Offering").

The Corporation previously announced on March 23, 2015 the completion of the first tranche of the offering, when it raised gross proceeds of $185,000 for 1,233,334 units.

The second tranche raised gross proceeds of $201,162.60 by the issuance of 1,341,084 Units.

Pursuant to the Offering, the Company will sell up to 10,000,000 units (each, a "Unit") at price of $0.15 per Unit. Each Unit is comprised of one common share in the capital of the Corporation (each, a "Common Share") and one common share purchase warrant (each, a "Warrant"), with each Warrant being exercisable into one Common Share at a price of $0.25 for a two year period from the date of issuance. The Warrants will include an acceleration clause to the effect that if at any time after four (4) months and one (1) day following the issuance of the Warrants, the closing trading price of the Common Shares on the TSX Venture Exchange (the "Exchange") is greater than Cdn$0.50 per Common Share for a period of ten (10) consecutive trading days, then dynaCERT may give notice to the holders of Warrants of its intention to force the exercise of the Warrants, following which the holders thereof shall have a period of 30 days to exercise the Warrants, failing which the Warrants will automatically expire.

Net proceeds of the Offering will be used for working capital and manufacturing units.

The Offering is scheduled to close on Friday May 29, 2015 and closing of the Offering is subject to receipt of applicable regulatory approvals, including approval of the TSX Venture Exchange.

About dynaCERT Inc.

dynaCERT Inc. manufactures, distributes, and installs Carbon Emission Reduction Technology for use with internal combustion engines. Our patent-pending technology creates hydrogen and oxygen on-demand through electrolysis and supplies these additives through the air intake to enhance combustion for the purpose of yielding lower carbon emissions and greater fuel efficiency. Our technology is currently in use with on-road applications and is in development for other applications, such as power generation. More information can be found at www.dynacert.com.

Forward Looking Information

This release includes forward looking statements, which are based on certain assumptions and reflects management's current expectations. These forward looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Some of these factors include: general global economic conditions; general industry and market conditions and growth rates; uncertainty as to whether our strategies and business plans will yield the expected benefits; increasing competition; 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; changes in laws and regulations, including codes and standards, intellectual property rights, and tax matters; 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.

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.

For more information, please contact:

James Payne, CEO Investor Relations
dynaCERT Inc. dynaCERT Inc.
(416) 766-9691x 2 (416) 766-9691
jshepherd@dynacertir@dynacert.com
    
Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.