News - Lights stay on for a few more monthsdynaCERT Closes First Tranche of Equity Private Placement and Completes Note Redemption 2018-02-22 09:01:21 AM ET (GlobeNewswire) dynaCERT Inc. (TSX VENTURE:DYA) (OTCQB:DYFSF) (DAX:DMJ) ("dynaCERT" or the "Company") is pleased to announce the closing of the first tranche of its non-brokered equity private placement, as previously announced on January 31, 2018 (the "Financing") via the issuance of 2,894,762 units for gross proceeds of $1,215,800. Each unit consists of one common share and one-half of one common share purchase warrant. Each whole warrant is exercisable at $0.50 for a period of one year from closing, provided however that in the event that the Company's common shares trade at a price above $1.00 per common share on the TSX Venture Exchange for twenty (20) consecutive trading days, dynaCERT shall have the right to give notice to holders that the warrants shall expire within thirty (30) days of such notice. The Financing is expected to be completed in multiple tranches, for gross proceeds of up to $3,000,000. Proceeds from the Financing will be used to fund working capital, manuf acturing and special projects of the Company. In addition, the Company is pleased to announce that, pursuant to agreements entered into with the holders of its convertible notes (aggregate principal amount of $1,260,000) that were issued in November 2017 (the Notes"), where the holders of the Notes have agreed to the redemption thereof, all amounts owing under the Notes have been repaid in full via the issuance of units (each comprised of common shares and warrants on identical terms as those that have been issued under the Financing). Accordingly, the Notes were redeemed for an aggregate amount of $1,281,288 (representing the principal amount owing, together with all interest amounts accrued thereunder), with the redemption amount being settled via the issuance of an aggregate of 3,050,686 common shares and 1,525,343 share purchase warrants to the holders of the Notes. All of the common shares and warrants that are to be issued in connection with the Financing and the redemption of Notes will be subject to statutory four-month hold periods, expiring on June 22, 2018. About dynaCERT Inc.