dynaCERT Announces $5M Non-Brokered Private Placement Financing
NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. WIRE SERVICES
dynaCERT Inc. (TSX: DYA) (OTCQB: DYFSF) (FRA: DMJ) ("dynaCERT" or the "Company") is pleased to announce a non-brokered offering for aggregate gross proceeds of up to $5,000,000 (the “Offering”). The Company is offering convertible unsecured units at a price of $1,000,000 per unit ("Convertible Units"), for aggregate gross proceeds of up to $5,000,000. Each Convertible Unit will consist of: (a) one (1) Convertible Note in the principal amount of $1,000,000 bearing an annualized interest of six percent (6%) maturing on the two (2) year anniversary of issuance and convertible at the option of the holder in whole or in part into an aggregate of 6,666,667 common shares of the Company (the “Shares”), representing a conversion price of $0.15 per Share; and (b) 3,333,333 common share purchase warrants (the “Warrants”). Each Warrant will entitle the holder thereof to purchase one (1) Share at an exercise price of $0.20 per Share for a period of two (2) years. If the Offering is fully subscribed, the Convertible Notes will be convertible into an aggregate of 33,333,333 Shares and 16,666,667 Warrants will be issued.
