dynaCERT Appoints Marc Bertrand, Former President & CEO of MEGA Brands, to the Advisory Board
July 28 2017 - 8:30AM
dynaCERT Inc. (TSX-V:DYA) (OTCQB:DYFSF) ("dynaCERT" or the
"Company") is pleased to announce that Marc Bertrand, the former
President & CEO of MEGA Brands (MEGA), is joining the Company’s
Advisory Board.
Mr. Bertrand is a seasoned consumer products
executive with nearly three decades of success in brand building,
strategic licensing, international markets and manufacturing. MEGA
was recognized worldwide for innovation, operational excellence,
product quality and delivering value to consumers. Mr. Bertrand
implemented growth through International expansion with sales teams
in Europe, Latin America and Asia and distribution in over 100
countries. In addition, Mr. Bertrand has actively participated in
numerous complex financial transactions.
Marc Bertrand states, "dynaCERT has an exciting
new technology that has proven results for fuel efficiency and,
with the significant reductions in greenhouse gases, will be a
leader in the new carbon economy.”
Private Placement
dynaCERT also announces that it has amended the
terms and increased the maximum amount of the private placement
that was previously announced on June 8, 2017 from $1,000,000 to
$3,000,000. The Company expects to close the private
placement within the next week. Each unit will be issued at
$0.70 and will be comprised of one common share ("Common Share") in
the capital of the Company and one-half of one Common Share
purchase warrant, with each whole warrant being exercisable into
one Common Share at a price of $1.00 for a two-year period from the
date of issuance. The warrants include an acceleration clause
to the effect that if at any time after four months and one day
following the issuance of the warrants, the closing trading price
of the Common Shares on the TSX Venture Exchange (the "Exchange")
is greater than $1.75 per Common Share for a period of ten
consecutive trading days, then dynaCERT may give notice to the
holder of the warrants of its intention to force the exercise of
the warrants, following which the holder thereof shall have a
period of 30 days to exercise the warrants, failing which the
warrants will automatically expire.
Mr. Bertrand will be purchasing 334,000 units,
Mr. Bertrand’s father (Victor, the founder of MEGA) will be
purchasing 666,000 units and Mr. Bertrand’s brother, Vic, will be
purchasing 285,000 units bringing their respective holdings to
1,234,000 Common Shares, 1,332,000 Common Shares and 345,000 Common
Shares.
All of the securities to be issued under the
private placement will be subject to a four-month resale
restriction. The proposed private placement is subject to
receipt of all necessary regulatory approvals including the final
approval of the Exchange. The Exchange has granted the
Company an extension of up to 30 days to complete the private
placement.
The Company intends to use the net proceeds of
this private placement for research and development and general
working capital purposes.
Jim Payne, President & CEO of dynaCERT,
states, “It is with great pleasure that we welcome Mr. Bertrand to
the dynaCERT Advisory Board. Mr. Bertrand brings vast knowledge in
manufacturing, international markets and building brands. We are
very excited that the Bertrand Family have renewed their support by
increasing their shareholdings of the Company and to have access to
their extensive network of industry and financial contacts. Their
knowledge and experience will be of great benefit to dynaCERT as we
grow both in North America and around the world.”
About dynaCERT Inc.dynaCERT
Inc. manufactures, distributes, and installs Carbon Emission
Reduction Technology for use with internal combustion
engines. Our patent-pending technology creates hydrogen and
oxygen on-demand through electrolysis and supplies these additives
through the air intake to enhance combustion, resulting in lower
carbon emissions and greater fuel efficiency. Our technology
is currently in use with on-road applications. Website:
www.dynaCERT.com.
READER ADVISORYExcept for
statements of historical fact, this news release contains certain
"forward-looking information" within the meaning of applicable
securities law. Forward-looking information is frequently
characterized by words such as "plan", "expect", "project",
"intend", "believe", "anticipate", "estimate" and other similar
words, or statements that certain events or conditions "may" or
"will" occur. In particular, forward-looking information in
this press release includes, but is not limited to, statements with
respect to the proposed timing and completion of the private
placement and the proposed use of proceeds from the private
placement. Although we believe that the expectations
reflected in the forward-looking information are reasonable, there
can be no assurance that such expectations will prove to be
correct. We cannot guarantee future results, performance or
achievements. Consequently, there is no representation that the
actual results achieved will be the same, in whole or in part, as
those set out in the forward-looking information.
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
BoardMurray James Payne, CEO
For more information, please contact:
Jim Payne, CEO & President
dynaCERT Inc.
#101 – 501 Alliance Avenue
Toronto, Ontario M6N 2J1
(416) 766-9691 x 2
jpayne@dynaCERT.com
Investor Relations
dynaCERT Inc.
Nancy Massicotte
(416) 766-9691 x 1
ir@dynaCERT.com
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