dynaCERTInc.( TSX DYA)( OTCQX DYFSF)( FRA DMJ)(” dynaCERT” or the” Company”) is pleased to advertise that it has completed a fresh round of its brokered private placement of units( the Offering ”) with the allocation of units for gross proceeds of 954,450. When added to the ending that was completed on December 4, 2023( which amounted to gross proceeds of), the total gross proceeds from these private placements to date is. The Company is continuing to admit subscriptions and further expressions of interest to share in the Offering for a possible fresh ending, which is targeted for early January 2024. Each unit( a “ Unit ”) is priced at at$0.15 per Unit for a total maximum aggregate private placement proceeds of. All bone
values are in Canadian bones
Each Unit consists of one( 1) common share of the Company( a “ Common Share ”) and one-half (1/2) of a common share purchase leave. Each whole leave( 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 ending of the Offering( the “ ending Date ”) for a period of thirty- -six months thereafter. However, the ending trading price of the Common Shares on the Toronto Stock Exchange is less than 0, If at any time after the date that’s four months and one day after the ending Date.35 per Common Share for a period of ten( 10) successive business days, also the Company may give notice thereof to the holders of the clearances, and, in similar case, the expiry time of the clearances shall be accelerated and shall be the 30th day after the date on which similar notice is supposed to have been given by the Company. In connection with this ending, a total of 18,150 compensation clearances have been issued, each being exercisable into one( 1) Unit at an exercise price of$0.18 per Unit for a period of twenty- four( 24) months after closing.
A cash commission of 5 has also been paid in respect of similar subscriptions. Subject to applicable securities regulation, the Company may pay finders freights conforming of over to 5 cash and 5 compensation clearances in connection with the Offering. The Offering is being offered for trade to purchasers( i) in all businesses of Canada pursuant to available private placement immunity,( ii) in the United States on a private placement base pursuant to available immunity from the enrollment conditions under the United States Securities Act of 1933, as amended, and( iii) in-Canadian and-United States authorities as may be agreed to by the Company pursuant to available prospectus or enrollment immunity in agreement with applicable laws. All of the securities issued under this ending( including all underpinning securities) are subject to a statutory hold period of 4 months plus 1 day that will expire on April 21, 2024. A bigwig bought a total of 75,000 or 500,000 Units under this ending. similar subscription is considered to be an affiliated party sale and is thus subject to the vittles of Multilateral Instrument 61- 101 –” Protection of Minority Security Holders in Special Deals”, still immunity is available from the nonage shareholder blessing and valuation conditions set forth in the anteceding Multilateral Instrument. The gross proceeds of the Offering will be used to finance deals of the Company’s HydraGEN ™ Technology Products to actors in the mining, oil painting & gas, transportation and creator sectors on a global basis, for working capital and debt repayment, for general commercial purposes, an equity investment in Cipher NeutronInc., and to settle premonitory freights and permitted finders ’ freights under applicable securities legislation, including premonitory freights outstanding to Canaccord GenuityCorp., a fiscal counsel to the Company. The securities offered hereby haven’t and won’t be registered under the United States Securities Act of 1933( the” 1933 Act”) and may not be offered or vented in the United States or toU.S. persons( as defined in Regulation S under the 1933 Act) unless the securities have been registered under the 1933 Act or are else pure from similar enrollment.
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 been 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.
