DynaCERT raises $2M through convertible notes and warrants offering

DynaCERT Inc. (TSX: DYA) announced a non-brokered private placement offering to raise up to $2 million through convertible unsecured units priced at $2 million per unit.

Each convertible unit includes a convertible note with 5% annual interest maturing in two years, convertible into 13,333,333 common shares at $0.15 per share. The units also contain 6,666,667 warrants allowing holders to purchase shares at $0.20 each for two years.

The Toronto-based cleantech company stated the proceeds will finance sales of its HydraGEN technology products to mining, oil and gas, transportation and generator sectors globally, plus working capital and general corporate purposes.

The offering targets purchasers in all Canadian provinces under private placement exemptions and offshore jurisdictions under applicable prospectus exemptions. Securities will be subject to a four-month-plus-one-day hold period after closing. No commissions or finder fees will be paid.

Closing requires completion of formal documentation and regulatory approvals, including Toronto Stock Exchange approval.

DynaCERT also announced that Jean-Pierre Colin resigned as officer and director by mutual agreement to focus on his corporate finance and advisory services. Colin served the company for nine years.

DynaCERT specializes in CO₂ emission reduction technologies for internal combustion engines and operates production facilities with capacity for up to 36,000 HydraGEN units annually. The company also runs HydraLytica, a cloud-based platform for capturing real-time data to monetize CO₂ savings.

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