dynaCERT Announces Closing of $5M Non-Brokered Private Placement


TORONTO — dynaCERT Inc. (TSX: DYA) (OTCQB: DYFSF) (FRA: DMJ) (“dynaCERT” or the “Company”) is pleased to announce the closing of its previously announced non-brokered offering of convertible unsecured units (“Convertible Units”) for aggregate gross proceeds of up to $5,000,000. The Company has issued five (5) Convertible Units, each of which consists 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 entitles the holder thereof to purchase one (1) Share at an exercise price of $0.20 per Share for a period of two (2) years. In aggregate, the Convertible Notes are convertible into a total of 33,333,333 Shares and 16,666,667 Warrants have also been issued, each of which is exercisable into one (1) Share.



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