dynaCERT Closes $5M Private Placement

dynaCERT Inc. has successfully closed a non-brokered private placement offering, raising aggregate gross proceeds of $5,000,000. The offering involved the issuance of five Convertible Units, each comprising a Convertible Note with a principal amount of $1,000,000 and 3,333,333 common share purchase warrants. The Convertible Notes bear an annualized interest of six percent and mature in two years, convertible into common shares at $0.15 per share. The warrants allow holders to purchase shares at $0.20 for two years. The proceeds will be utilized to finance sales of dynaCERT's HydraGEN Technology Products globally across sectors like mining, oil & gas, transportation, and construction, as well as for working capital and general corporate purposes. The securities are subject to a four-month-plus-one-day hold period and were offered in Canada and offshore jurisdictions, with restrictions on sales in the United States.