SOURCE: dynaCERT Inc.

dynaCERT Inc.

January 28, 2016 11:14 ET

dynaCERT Closes Private Placement and Provides Corporate Update

TORONTO, ON--(Marketwired - January 28, 2016) - dynaCERT Inc. (TSX VENTURE: DYA) ("dynaCERT" or the "Corporation") is pleased to announce the closing of an additional $ 1.5 million in funding and the continued growth of its "Collective Intelligence" in its team.

 dynaCERT announces the receipt of an additional $1.5 million from strategic partners in the business and investment world.

This funding of operations was achieved by completing a private placement ("the offering") of 15,000,000 units (the "Units") at a price of $0.10 per Unit for aggregate gross proceeds of $1.5 million.

Each Unit was comprised of one common share in the capital of the Corporation (each, a "Common Share") and one-half of one (1/2) common share purchase warrant (each, a "Warrant"), with each whole Warrant being exercisable into one Common Share at a price of $0.15 for a two-year period from the date of issuance. The Warrants 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 $0.30 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.

Proceeds of the offering will give the company the capital to execute its business plans over the upcoming months. After completion of the validation process and final installations for the 50 HydraGen with Purchase Order dated May 2015, data loggers will continue to track performance of trucks, to allow the Company to continue the development of enhanced algorithms for our H-ECUs ( HydraGen Electronic Control Unit).

Currently the corporation is interviewing and hiring skilled staff to meet with the ongoing demands in research and development, assembly and installations.

Growth of "Collective Intelligence"

dynaCERT is pleased to announce the additions to our team, look for full bio on our web site www.dynacert.com

Technology Advisor, Mr. Valdis Martinsons, M.A.Sc., M.B.A, P.Eng.
Mr. Martinsons is a Senior Level Executive with a track record of providing leadership in businesses where technology is mission critical or technology is core to the business; including start-ups, high growth oriented ventures, global corporations and growing technologically innovative organizations

Business/Environmental Advisor, Mr.Derk Z. Maat, M.Eng., P.Eng.
Mr. Maat has over 37 years of professional experience in the environmental field where he has been involved in research and development, consulting, design, construction engineering, technology development, and marketing

Business/ Marketing Advisor, Mr. Prabhjeet S. Garewal, B.A. Hons, English Literature, Economics
Mr. Garewal brings a wealth of experience in sales and relationships with both the business and political world in Canada and abroad. He is also active in fundraising for varies foundations as well as for political purposes.

Business/Marketing Advisor, Mr. Tristram Coffin, O.O.D.
Mr. Coffin has over 40 years of professional expertise in one of Canada's most prestigious optical businesses. He sits on many advisory committees, is a director of a public company, and worked in the brokerage business assisting in bringing numerous companies public.

About dyna CERT 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, resulting in lower carbon emissions and greater fuel efficiency. Our technology is currently in use with on-road applications. More information can be found at www.dynacert.com.

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

Contact Information

  • For more information, please contact:

    Jim Payne
    CEO & President
    dynaCERT Inc.
    (416) 766-9691x 602
    jpayne@dynacert.com 

    Investor Relations
    dynaCERT Inc.
    ir@dynacert.com