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NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. WIRE SERVICES
dynaCERT Inc. (TSX: DYA) (OTCQB: DYFSF) (FRA: DMJ) (" dynaCERT " or the "Company") is pleased to announce a non-brokered offering for aggregate gross proceeds of up to $2,000,000 (the "Offering"). The Company is offering convertible unsecured units at a price of $2,000,000 per unit ("Convertible Units"). Each Convertible Unit will consist of: (a) one (1) Convertible Note bearing an annualized interest of five percent (5%) maturing on the two (2) year anniversary of issuance and convertible at the option of the holder in whole or in part into an aggregate of 13,333,333 common shares of the Company (the "Shares"), being a conversion price of $0.15 per Share; and (b) 6,666,667 common share purchase warrants (the "Warrants"). Each Warrant will entitle the holder thereof to purchase one (1) Share at an exercise price of $0.20 per Share for a period of two (2) years.
The gross proceeds of the Offering will be used to finance sales of the Company's HydraGENâ„¢ Technology Products to participants in the mining, oil & gas, transportation and generator sectors on a global basis and for working capital and for general corporate purpose.
The Offering will be offered for sale to purchasers: (i) in all provinces of Canada pursuant to available private placement exemptions; and (ii) in offshore jurisdictions (as may be agreed to by the Company) pursuant to available prospectus or registration exemptions in accordance with applicable laws.
In accordance with applicable securities laws, the Convertible Notes and all of the Warrants issued under the Offering (in addition to any Shares issued upon conversion of the Convertible Notes or exercise of the Warrants) will be subject to a hold period that will expire four (4) months plus one (1) day after the date of Closing. No commissions or finders fees are payable in respect of the Offering.
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.
Also effective on this date, and by mutual agreement, Jean-Pierre Colin has resigned his position as an officer and a director of the company to dedicate his full time to his corporate finance, M&A and corporate strategy advisory services to public and private companies. dynaCERT thanks Jean-Pierre for his nine years of dedicated service and wishes him well in his future endeavours.
About dynaCERT Inc.
dynaCERT Inc. is a Canadian Cleantech company based in Toronto specializing in technologies for reducing COâ‚‚ emissions from internal combustion engines. The company has invested heavily in research and development and has its own production facilities with a capacity of up to 36,000 HydraGENâ„¢ units per year.
In addition to the HydraGEN™ hardware, dynaCERT operates HydraLytica™, a cloud-based platform for capturing real-time data—the basis for monetizing CO₂ savings. dynaCERT methodology has also been Verra-certified, which will provide access to the global market for tradable carbon credits in future.
READER ADVISORY
This press release of dynaCERT Inc. contains statements that constitute "forward-looking statements". Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause dynaCERT's actual results, performance or achievements, or developments in the industry to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Actual results may vary from the forward-looking information in this news release due to certain material risk factors.
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. 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.sedarplus.ca . 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 & Chairman
View source version on businesswire.com: https://www.businesswire.com/news/home/20251126099948/en/
For more information, please contact:
Jim Payne, CEO & Chairman
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
