dynaCERT Announces Extension of Unlisted Warrants
TORONTO--(BUSINESS WIRE)--Oct 29, 2021--
dynaCERT Inc. (TSX: DYA) (OTCQX: DYFSF) (FRA: DMJ) (” dynaCERT ” or the “Company”) is pleased to announce that it has received approval from the Toronto Stock Exchange (“TSX”) to extend the term of an aggregate of 14,900,000 common share purchase warrants (“Warrants”) to November 14, 2023. All of the foregoing Warrants are unlisted and were initially issued with exercise terms of two (2) years from the dates of issuance, with 14,000,000 Warrants being exercisable at a price of $0.65 on or before November 28, 2021 and the remaining 900,000 Warrants being exercisable at a price of $0.65 on or before November 14, 2021. The remaining terms and conditions of the foregoing Warrants are to remain the same, unamended. It should be noted that, in addition to the foregoing Warrants, which are not listed or posted for trading on the TSX (nor any other stock exchange), a further 6,152,000 Warrants (exercisable at a price of $1.00 on or before June 18, 2022) are listed and posted for trading on the TSX. The TSX Company Manual prohibits amendments to listed Warrants, so the terms and conditions of those Warrants shall remain the same, unamended.
About dynaCERT Inc.
dyna CERT Inc. manufactures and distributes Carbon Emission Reduction Technology for use with internal combustion engines. As part of the growing global hydrogen economy, our patented technology creates hydrogen and oxygen on-demand through a unique electrolysis system and supplies these gases through the air intake to enhance combustion, resulting in lower carbon emissions and greater fuel efficiency. Our technology is designed for use with many types and sizes of diesel engines used in on-road vehicles, refrigerated trailers, off-road construction, power generation, mining and forestry equipment, marine vessels and railroad locomotives. Website: www.dynaCERT.com.
Except 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. 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 of 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 The Toronto Stock Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Toronto Stock Exchange) accepts responsibility for the adequacy or accuracy of the release.
On Behalf of the Board
Murray James Payne, CEO
View source version on businesswire.com:https://www.businesswire.com/news/home/20211029005550/en/
CONTACT: Jim Payne, CEO & President
#101 – 501 Alliance Avenue
Toronto, Ontario M6N 2J1
+1 (416) 766-9691 x 2
+1 (416) 766-9691 x 1
KEYWORD: NORTH AMERICA CANADA
INDUSTRY KEYWORD: TRUCKING AUTOMOTIVE AUTOMOTIVE MANUFACTURING TRANSPORT MANUFACTURING ALTERNATIVE VEHICLES/FUELS
SOURCE: dynaCERT Inc.
Copyright Business Wire 2021.
PUB: 10/29/2021 05:40 PM/DISC: 10/29/2021 05:41 PM