dynaCERT Inc.
TSX VENTURE : DYA

dynaCERT Inc.

October 11, 2013 15:45 ET

dynaCERT Inc. Announces Non-Brokered Private Placement and First Tranche Closing

TORONTO, ONTARIO--(Marketwired - Oct. 11, 2013) - dynaCERT Inc. (TSX VENTURE:DYA) ("dynaCERT" or the "Company") is pleased to announce a non-brokered private placement (the "Offering") of a total of 18,000,000 units (each, a "Unit") at price of $0.175 per Unit for aggregate gross proceeds of up to $3,150,000 and the closing of the first tranche thereunder. The proceeds of the Offering will be used for research and development, retirement of outstanding liabilities, sales and marketing and for general working capital purposes.

Under the first tranche of the Offering, the Company issued 2,802,857 Units at a price of $0.175 per Unit, raising gross proceeds of $490,500. 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"). Each Warrant is exercisable into one Common Share at a price of $0.25 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 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. Upon receipt of such notice, the holders of Warrants shall have 30 days thereafter to exercise the Warrants, failing which the Warrants will automatically expire.

In accordance with applicable securities laws, the Common Shares and Warrants issued under the first tranche of the Offering are subject to a four (4) month hold period, which will expire on February 12th, 2014.

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.

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, includes 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.

Contact Information