PriceSensitive

Dynamic Technologies (TSXV:DTG) announces US$4M private placement

Industrial, The Market Online Deal Room
TSXV:DTG
12 April 2022 09:00 (EDT)

Source: Dynamic Technologies Group

Dynamic Technologies Group (DTG) has announced a non-brokered private placement for gross proceeds of approximately C$5,000,000.

The company will issue 16,000,000 units at a price of C$0.3125 per unit. Each unit will consist of one common share and one common share purchase warrant. Each warrant will entitle the holder to one additional share at a price of $0.50 for twenty-four months. All securities issued will be subject to a four-month hold period.

The offering will close in multiple tranches the first of which is anticipated to close on April 14, 2022.

Dynamic is a leader in the design engineering, production, and commissioning of media-based attractions and ride systems for the theme park industry and entertainment destinations.

Dynamic Technologies Group Inc. (DTG) opened trading at $0.30 per share.

Related News