- dynaCERT Inc. (TSX:DYA) launches a non-brokered private placement for up to C$2 million, offering convertible units with notes convertible at $0.15 per share and warrants exercisable at $0.20 for two years
- Proceeds will fund global sales of HydraGEN technology to mining, oil and gas, transportation, and generator sectors, plus working capital and corporate purposes
- Jean-Pierre Colin resigns as officer and director after nine years to focus on corporate finance and M&A advisory services
- dynaCERT stock (TSX:DYA) last traded at $0.09
dynaCERT (TSX:DYA) has announced a non-brokered private placement offering for aggregate gross proceeds of up to C$2 million. The company will issue convertible unsecured units priced at C$2 million per unit.
Each unit will include:
- One convertible note bearing 5 per cent annual interest, maturing two years from issuance. The note is convertible, at the holder’s option, into 13,333,333 common shares at a conversion price of $0.15 per share.
- 6,666,667 common share purchase warrants, each exercisable at $0.20 per share for a period of two years.
In a news release. The company said the proceeds from the offering will be used to finance global sales of dynaCERT’s HydraGEN technology products to clients in the mining, oil and gas, transportation, and generator sectors, as well as for working capital and general corporate purposes.
The offering will be available to purchasers:
- Across all Canadian provinces under applicable private placement exemptions.
- In offshore jurisdictions under prospectus or registration exemptions, subject to applicable laws.
All securities issued under the offering, including convertible notes, warrants, and any shares issued upon conversion or exercise, will be subject to a four-month-plus-one-day hold period from the closing date. No commissions or finder’s fees will be paid. Closing remains subject to formal documentation and regulatory approvals, including approval from the Toronto Stock Exchange.
Leadership update
Effective today, Jean-Pierre Colin has resigned as an officer and director of dynaCERT to focus on his corporate finance, M&A, and strategic advisory services for public and private companies. The company expressed gratitude for his nine years of dedicated service and wished him success in his future endeavours.
About dynaCERT
dynaCERT manufactures and distributes technology that reduces carbon emissions in combustion engines.
dynaCERT stock (TSX:DYA) last traded at $0.09 and is up 8.50 per cent since the year began.
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