dynaCERT plans $5M private placement with convertible notes

dynaCERT Inc. (TSX: DYA) (OTCQB: DYFSF) (FRA: DMJ) announced a non-brokered private placement offering of up to $5,000,000 through convertible unsecured units priced at $1,000,000 each.

Each unit consists of one convertible note with a principal amount of $1,000,000, bearing 6% annualized interest and maturing two years from issuance. The notes are convertible at the holder's option into 6,666,667 common shares at $0.15 per share. Each unit also includes 3,333,333 common share purchase warrants exercisable at $0.20 per share for two years.

If fully subscribed, the offering would result in up to 33,333,333 shares upon conversion of the notes and 16,666,667 warrants issued. No commissions or finders fees are payable in connection with the offering.

The Toronto-based company said proceeds will be used to finance sales of its HydraGEN™ Technology Products across mining, oil and gas, transportation, construction, port handling, and stationary generator sectors, as well as for working capital and general corporate purposes.

The offering is available to purchasers in Canadian provinces under private placement exemptions and in offshore jurisdictions under applicable registration exemptions. Securities issued are subject to a hold period expiring four months and one day after closing. The offering remains subject to completion of formal documentation and regulatory approvals, including approval from the Toronto Stock Exchange.

The securities have not been registered under the United States Securities Act of 1933 and may not be offered or sold in the United States.

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