Article content material
NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. WIRE SERVICES
TORONTO — dynaCERT Inc. (TSX: DYA) (OTCQX: DYFSF) (FRA: DMJ) (“dynaCERT” or the “Firm”) is happy to congratulate Crew Holeshot Competitors of France for reaching the third place within the Truck class of the Dakar 2024 Basic Occasion Race. Congratulations for this nice achievement additionally goes to Alexandre Lemeray, Fabien Lecaplain and Jean-Baptiste Lecot.
Article content material
The Dakar Basic Rally is a really demanding off-road race that reveals the capability of the rivals for resistance in lengthy distance levels within the desert. The French workforce’s #915 MAN Dakar Basic Rally race truck was fitted with a dynaCERT HydraGEN™ HG1 Unit that’s designed to offer hydrogen and extra oxygen to the truck’s engine. See Press Launch of November 24, 2023.
Commercial 2
Article content material
Alexandre Lemeray, the motive force of Crew Holeshot Competitors, said, ”The HydraGEN™ Unit ran very effectively throughout near 8000 kilometres of the race. Crew Holeshot Competitors demonstrated the efficiency of dynaCERT’s on demand hydrogen manufacturing models in an atmosphere going through scorching climate, exhausting impacts and vibrations, sand, shocks, uncommon angles and in a demanding operational mode.”
Jim Payne, President and CEO of dynaCERT, said, “Congratulations to the whole workforce in and behind the scenes. It’s a actual accomplishment simply to complete this race, not to mention coming in third place on the rostrum. dynaCERT is delighted with the reliability of the HydraGEN™ unit. Additionally, a proof optimistic for dynaCERT‘s HydraGEN™ Expertise to face up to such a brutal and rigorous stress take a look at. An actual win/win for all.”
Extension of Non-Brokered Personal Placement
dynaCERT is happy to announce that it has obtained the approval of the Toronto Inventory Change (“TSX”) to increase its non-brokered personal placement (the Providing”) of models (every, a “Unit”) for an additional thirty (30) days, because the Firm is constant to obtain subscriptions and additional expressions of curiosity to take part within the Providing. A number of further tranches of the Providing could also be accomplished. Thus far, the whole gross proceeds from the Firm’s choices of Models in December 2023 at a value of $0.15 per Unit is $3,855,233. Every Unit is priced at $0.15 per Unit for optimum mixture proceeds from Unit issuances of $6,000,000. All greenback values are in Canadian {dollars}.
Every Unit consists of 1 (1) widespread share of the Firm (a “Widespread Share”) and one-half (1/2) of a standard share buy warrant. Every entire warrant (a “Warrant”) is exercisable into one (1) Widespread Share at an train value of $0.20 per Warrant at any time for a interval commencing upon the closing of the Providing (the “Closing Date”) for a interval of thirty-six months thereafter. If at any time after the date that’s 4 months and at some point after the Closing Date, the closing buying and selling value of the Widespread Shares on the Toronto Inventory Change is larger than $0.35 per Widespread Share for a interval of ten (10) consecutive enterprise days, then the Firm might give discover thereof to the holders of the Warrants, and, in such case, the expiry time of the Warrants shall be accelerated and shall be the 30th day after the date on which such discover is deemed to have been given by the Firm.
High Tales
Article content material
Commercial 3
Article content material
Topic to relevant securities laws, the Firm might pay finders charges consisting of as much as 5% money and 5% vendor warrants in reference to the Providing. The vendor warrants shall be exercisable into one (1) Unit at an train value of $0.18 per Unit for a interval of twenty-four (24) months after closing.
The Providing is being provided on the market to purchasers (i) in all provinces of Canada pursuant to out there personal placement exemptions, (ii) in the US on a personal placement foundation pursuant to out there exemptions from the registration necessities beneath the US Securities Act of 1933, as amended, and (iii) in offshore jurisdictions as could also be agreed to by the Firm pursuant to out there prospectus or registration exemptions in accordance with relevant legal guidelines.
All the securities issued beneath the Providing (together with all underlying securities) shall be topic to a statutory maintain interval that can prolong 4 (4) months plus at some point from the relevant deadline.
The gross proceeds of the Providing shall be used to finance gross sales of the Firm’s HydraGEN™ Expertise Merchandise to members within the mining, oil & fuel, transportation and generator sectors on a worldwide foundation, for working capital and debt reimbursement, for normal company functions, an fairness funding in Cipher Neutron Inc., and to settle advisory charges and permitted finders’ charges beneath relevant securities laws, together with advisory charges payable to Canaccord Genuity Corp., a monetary advisor to the Firm.
The securities provided hereby haven’t and won’t be registered beneath the US Securities Act of 1933 (the “1933 Act”) and might not be provided or offered in the US 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.
About dynaCERT Inc.
dynaCERT Inc. manufactures and distributes Carbon Emission Discount Expertise together with its proprietary HydraLytica™ Telematics, a method of monitoring gas consumption and calculating GHG emissions financial savings designed for the monitoring of potential future Carbon Credit to be used with inner combustion engines. As a part of the rising international hydrogen economic system, our patented expertise creates hydrogen and oxygen on-demand by way of a novel electrolysis system and provides these gases by way of the air consumption to reinforce combustion, which has proven to decrease carbon emissions and enhance gas effectivity. Our expertise is designed to be used with many sorts and sizes of diesel engines utilized in on-road autos, reefer trailers, off-road development, energy era, mining and forestry gear. Web site: www.dynaCERT.com.
Commercial 4
Article content material
READER ADVISORY
This press launch of dynaCERT Inc. comprises statements that represent “forward-looking statements”. Such forward-looking statements contain recognized and unknown dangers, uncertainties and different elements which will trigger dynaCERT’s precise outcomes, efficiency or achievements, or developments within the business to vary materially from the anticipated outcomes, efficiency or achievements expressed or implied by such forward-looking statements. There may 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 mustn’t place undue reliance on forward-looking statements. Precise outcomes might range from the forward-looking info on this information launch as a result of sure materials threat elements. This information launch isn’t meant for distribution to U.S. information providers or for dissemination in the US. Apart from statements of historic truth, this information launch comprises sure “forward-looking info” inside the that means of relevant securities legislation. Ahead-looking info is incessantly characterised by phrases reminiscent of “plan”, “count on”, “venture”, “intend”, “consider”, “anticipate”, “estimate” and different related phrases, or statements that sure occasions or situations “might” or “will” happen. Though we consider that the expectations mirrored within the forward-looking info are cheap, there may 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 similar, in entire or partly, as these set out within the forward-looking info.
Ahead-looking info relies 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. Among the dangers and different elements that might trigger the outcomes to vary materially from these expressed within the forward-looking info embody, however should not restricted to: uncertainty as as to whether our methods and enterprise plans will yield the anticipated advantages; availability and price of capital; the flexibility to establish and develop and obtain business success for brand spanking new merchandise and applied sciences; the extent of expenditures obligatory to take care of and enhance the standard of services; adjustments in expertise and adjustments 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 capacity to safe and keep strategic relationships and distribution agreements; and the opposite threat elements disclosed beneath our profile on SEDAR at www.sedar.com. Readers are cautioned that this checklist of threat elements shouldn’t be construed as exhaustive.
Commercial 5
Article content material
The forward-looking info contained on this information launch is expressly certified by this cautionary assertion. We undertake no obligation to replace any of the forward-looking info to evolve such info to precise outcomes or to adjustments in our expectations besides as in any other case required by relevant securities laws. Readers are cautioned to not place undue reliance on forward-looking info.
Neither the Toronto Inventory Change nor its Regulation Providers Supplier (as that time period is outlined within the insurance policies of the Toronto Inventory Change) accepts accountability for the adequacy or accuracy of the discharge.
On Behalf of the Board
Murray James Payne, CEO
View supply model on businesswire.com: https://www.businesswire.com/news/home/20240119283259/en/
Contacts
Jim Payne, CEO & President
dynaCERT Inc.
#101 – 501 Alliance Avenue
Toronto, Ontario M6N 2J1
+1 (416) 766-9691 x 2
jpayne@dynaCERT.com
Investor Relations
dynaCERT Inc.
Nancy Massicotte
+1 (416) 766-9691 x 1
nmassicotte@dynaCERT.com
#distro
Article content material
Source link
