dynaCERT Annouces Closing Of Private Placement

About this update from Dynacert Inc.

[{"type":"text","content":"\n\n\nTORONTO, June 12, 2013 /CNW/ - dynaCERT Inc. (TSX -V: DYA) (\"dynaCERT\"\n or the \"Corporation\") today announced that it has received\n subscriptions for 3,087,264 units (the \"Units\") for an aggregate of\n $540,271.15 of common shares at price of $0.175 per Unit in accordance\n with previously filed price protection materials.  Completion of this\n offering is subject to approval by the TSX Venture Exchange. The use of\n proceeds will be used for research and development, retirement of\n outstanding liabilities, sales and marketing and for general working\n capital purposes.\n\n\nEach unit consists of one common share in the capital of the Corporation\n (a \"Common Share\") at a price of $0.175 per unit and one common share\n purchase warrant (a \"Warrant\").  Each warrant is exercisable into one\n Common Share at a price of $0.25 per unit for a two year period from\n the date of issuance thereof.\n\n\nThe warrants include an acceleration clause to the effect that if at any\n time after four (4) months and on the closing one (1) day following the\n closing of the private placement the trading price of the common shares\n of dynaCERT on the TSX Venture trade at $0.50 or more for ten (10) consecutive\n trading days, dynaCERT shall be entitled to notify the holders of warrants of its\n intention to force the exercise of the warrants. Upon receipt of such\n notice, the holders of warrants shall have 30 days to exercise the\n warrants, failing which the warrants will automatically expire.\n\n\nIn accordance with applicable securities laws, the Common Shares and\n Warrants issued under the private placement are subject to four (4)\n month hold periods, which will expire September 12, 2013. Materials\n have been submitted to the exchange requesting final approval.\n\n\nInformation about DynaCERT Inc.\nDynaCERT Inc. is a Toronto, Ontario based energy sector company engaged\n in the manufacture, distribution, installation and marketing of a\n transportable hydrogen generator retrofit targeted for use in the heavy\n tractor trailer industry. Its flagship product, Hydragen®, is a\n patent-pending aftermarket retrofit solution that provides combustion\n enhancement by mixing hydrogen and oxygen into a vehicle's intake air\n to provide the engine with a more complete burn of the fuel in its\n internal combustion engi...

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