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dynaCERT Announces First Tranche Closing of Convertible NotesTORONTO, Nov. 20, 2017 (GLOBE NEWSWIRE) -- dynaCERT Inc. (TSX VENTURE:DYA) (OTCQB:DYFSF) ("dynaCERT" or the "Company") is pleased to report that it has closed the first tranche in the amount of $1,260,000 of a new issue of up to $3,500,000 principal amount of convertible notes (the “Notes”) by way of a non-brokered private placement in Canada to accredited investors. Use of proceeds of the issue of Notes is for general working capital of the Company. The Notes are issued as of November 17, 2017 at a price of $0.84 maturing September 30, 2020, and, carry a coupon of $0.07, payable annually on September 30 of each year, yielding approximately 8.33%. Each Note is convertible at the option of the holder at any time prior to maturity into one Unit, each Unit consisting of one common share of dynaCERT and one half of a common share purchase warrant (a “Warrant”). Each whole Warrant is exercisable for 2 years from the date of issuance of the Notes at any time after conversion of the Notes for one common share of dynaCERT at an exercise price of $1.00 per common share. If the common shares of dynaCERT trade over the price of $2.00 per share on the TSXV for twenty consecutive trading days, the Company shall have the right to give notice to holders that the conversion feature of the Notes shall expire within 30 days of such notice. The Notes may be transferred subject to applicable Canadian Securities Legislation at the option of the holder. The Notes will not be listed for trading on any stock exchange. The Notes have a hold period of 4 months plus one day from their date of issuance. The closing of this private placement is subject TSX Venture Exchange final approval. About dynaCERT Inc. READER ADVISORY Forward-looking information is based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking information. Some of the risks and other factors that could cause the results to differ materially from those expressed in the forward-looking information include, but are not limited to: uncertainty as to whether our strategies and business plans will yield the expected benefits; 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 and changes in laws and regulations; 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; and the other risk factors disclosed under our profile on SEDAR at www.sedar.com. Readers are cautioned that this list of risk factors should not be construed as exhaustive. The forward-looking information contained in this news release is expressly qualified by this cautionary statement. We undertake no duty to update any of the forward-looking information to conform such information to actual results or to changes in our expectations except as otherwise required by applicable securities legislation. Readers are cautioned not to place undue reliance on forward-looking information. 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. On Behalf of the Board Murray James Payne, CEO Jim Payne, CEO & President Investor Relations |