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NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. WIRE SERVICES
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TORONTO — dynaCERT Inc. (TSX: DYA) (OTCQB: DYFSF) (FRA: DMJ) (“dynaCERT” or the “Company”) is happy to announce a non-brokered providing for mixture gross proceeds of as much as $2,000,000 (the “Offering”). The Company is providing convertible unsecured models at a worth of $2,000,000 per unit (“Convertible Units”). Each Convertible Unit will include: (a) one (1) Convertible Note bearing an annualized curiosity of 5 % (5%) maturing on the 2 (2) 12 months anniversary of issuance and convertible on the choice of the holder in complete or partly into an mixture of 13,333,333 frequent shares of the Company (the “Shares”), being a conversion worth of $0.15 per Share; and (b) 6,666,667 frequent share buy warrants (the “Warrants”). Each Warrant will entitle the holder thereof to buy one (1) Share at an train worth of $0.20 per Share for a interval of two (2) years.
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The gross proceeds of the Offering might be used to finance gross sales of the Company’s HydraGEN™ Technology Products to contributors within the mining, oil & fuel, transportation and generator sectors on a worldwide foundation and for working capital and for normal company goal.
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The Offering might be provided on the market to purchasers: (i) in all provinces of Canada pursuant to obtainable non-public placement exemptions; and (ii) in offshore jurisdictions (as could also be agreed to by the Company) pursuant to obtainable prospectus or registration exemptions in accordance with relevant legal guidelines.
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In accordance with relevant securities legal guidelines, the Convertible Notes and all the Warrants issued beneath the Offering (along with any Shares issued upon conversion of the Convertible Notes or train of the Warrants) might be topic to a maintain interval that can expire 4 (4) months plus one (1) day after the date of Closing. No commissions or finders charges are payable in respect of the Offering.
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Closing of the Offering is topic to completion of formal documentation and receipt of all mandatory regulatory approvals, together with approval of the Toronto Stock Exchange.
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The securities provided hereby haven’t and won’t be registered beneath the United States Securities Act of 1933 (the “1933 Act”) and will not be provided or offered within the United States or to U.S. individuals (as outlined in Regulation S beneath the 1933 Act) except the securities have been registered beneath the 1933 Act, or are in any other case exempt from such registration.
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Also efficient on this date, and by mutual settlement, Jean-Pierre Colin has resigned his place as an officer and a director of the corporate to dedicate his full time to his company finance, M&A and company technique advisory companies to private and non-private firms. dynaCERT thanks Jean-Pierre for his 9 years of devoted service and needs him properly in his future endeavours.
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About dynaCERT Inc.
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dynaCERT
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Inc. is a Canadian Cleantech firm primarily based in Toronto specializing in applied sciences for decreasing CO₂ emissions from inside combustion engines. The firm has invested closely in analysis and improvement and has its personal manufacturing services with a capability of as much as 36,000 HydraGEN™ models per 12 months.
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In addition to the HydraGEN™ {hardware}, dynaCERT operates HydraLytica™, a cloud-based platform for capturing real-time knowledge—the idea for monetizing CO₂ financial savings. dynaCERT methodology has additionally been Verra-certified, which can present entry to the worldwide marketplace for tradable carbon credit in future.
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Website: www.dynaCERT.com.
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READER ADVISORY
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This press launch of dynaCERT Inc. comprises statements that represent “forward-looking statements”. Such forward-looking statements contain identified and unknown dangers, uncertainties and different elements which will trigger dynaCERT’s precise outcomes, efficiency or achievements, or developments within the trade to vary materially from the anticipated outcomes, efficiency or achievements expressed or implied by such forward-looking statements. There could be no assurance that such statements will show to be correct, as precise outcomes and future occasions may differ materially from these anticipated in such statements. Accordingly, readers shouldn’t place undue reliance on forward-looking statements. Actual outcomes might fluctuate from the forward-looking info on this information launch because of sure materials danger elements.
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Except for statements of historic truth, this information launch comprises sure “forward-looking info” inside the that means of relevant securities legislation. Forward-looking info is regularly characterised by phrases resembling “plan”, “count on”, “mission”, “intend”, “consider”, “anticipate”, “estimate” and different comparable phrases, or statements that sure occasions or circumstances “might” or “will” happen. Although we consider that the expectations mirrored within the forward-looking info are cheap, there could be no assurance that such expectations will show to be appropriate. We can not assure future outcomes, efficiency of achievements. Consequently, there isn’t a illustration that the precise outcomes achieved would be the identical, in complete or partly, as these set out within the forward-looking info.
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Forward-looking info is predicated on the opinions and estimates of administration on the date the statements are made and are topic to a wide range of dangers and uncertainties and different elements that might trigger precise occasions or outcomes to vary materially from these anticipated within the forward-looking info. Some of the dangers and different elements that might trigger the outcomes to vary materially from these expressed within the forward-looking info embrace, however are usually not restricted to: uncertainty as as to if our methods and enterprise plans will yield the anticipated advantages; availability and price of capital; the flexibility to establish and develop and obtain industrial success for brand spanking new merchandise and applied sciences; the extent of expenditures mandatory to keep up and enhance the standard of services and products; modifications in expertise and modifications in legal guidelines and laws; the uncertainty of the rising hydrogen economic system; together with the hydrogen economic system transferring at a tempo not anticipated; our potential to safe and preserve strategic relationships and distribution agreements; and the opposite danger elements disclosed beneath our profile on SEDAR+ at
