TORONTO, ONTARIO — (Marketwired) — 11/27/13 — dynaCERT Inc. (TSX VENTURE: DYA) (“dynaCERT” or the “Corporation”) provides an update regarding previously granted stock options. On August 16, 2012, the Corporation granted an aggregate of 3,600,000 options to acquire common shares in the capital of dynaCERT (each, an “Option”), each being exercisable at a price of $0.19 on or before August 16, 2017. Of these Options, 2,200,000 were granted to current directors or officers of the Corporation, 525,000 were granted to current employees or consultants to the Corporation and 875,000 Options were granted to an Officer and consultant that are no longer involved with the Corporation (with such Options having therefore since expired). On March 4, 2013, the Corporation granted an aggregate of 3,975,000 Options, each being exercisable at a price of $0.12 on or before March 4, 2018. Of these Options, 1,475,000 were granted to current directors or officers of the Corporation, 1,750,000 were granted to current employees or consultants to the Corporation, and 750,000 were granted to an Officer and consultants that are no longer involved with the Corporation (with such Options having therefore since expired). All of the foregoing Options (and the common shares exercisable upon exercise) are subject to applicable securities law hold periods.
About dynaCERT Inc.
dynaCERT Inc. manufactures, distributes, and installs Carbon Emission Reduction Technology for use with internal combustion engines. Our patent-pending technology creates hydrogen and oxygen on-demand through electrolysis and supplies these additives through the air intake to enhance combustion, resulting in lower carbon emissions and greater fuel efficiency. Our technology is currently in use with on-road applications. More information can be found at
Forward Looking Information
This release includes forward looking statements, which are based on certain assumptions and reflects management–s current expectations. These forward looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Some of these factors include: general global economic conditions; general industry and market conditions and growth rates; uncertainty as to whether our strategies and business plans will yield the expected benefits; increasing competition; 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; changes in laws and regulations, including codes and standards, intellectual property rights, and tax matters; 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.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of the release.
Contacts:
dynaCERT Inc.
Jonathon Shepherd
General Manager
(416) 766-9691 x605
dynaCERT Inc.
Investor Relations
(416) 766-9691