Authorization

dynaCERT Prices C$7.3 Million Oversubscribed Overnight Marketed Equity Financing

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATESTORONTO, June 03, 2020 (GLOBE NEWSWIRE) -- dynaCERT Inc. (TSX VENTURE: DYA) (OTCQB: DYFSF) (FRA: DMJ) ("dynaCERT" or the "Company") is pleased to announce that in connection with its previously announced overnight marketed offering, it has entered into an underwriting agreement with a syndicate of underwriters co-led by Eight Capital and PI Financial Corp., and including Haywood Securities Inc., Industrial Alliance Securities Inc. and Stifel GMP (collectively, the a??Underwritersa??), to sell 10,700,000 units of the Company (the a??Unitsa??) at a price of $0.68 per Unit (the a??Offering Pricea??) for aggregate gross proceeds of $7,276,000 (the a??Offeringa??).Each Unit will consist of one common share in the capital of the Company (each a a??Common Sharea??) and one-half of one common share purchase warrant (each whole warrant, a a??Warranta??). Each Warrant shall entitle the holder to acquire an additional Common Share at an exercise price of $1.00 for a period of 24 months following the closing of the Offering.The Company has granted the Underwriters an option (the a??Over-Allotment Optiona??) to purchase up to an additional 15% of the Offering on same terms exercisable at any time up to 30 days following the closing of the Offering, for market stabilization purposes and to cover over-allotments, if any.Closing of the Offering is expected to occur on or about June 18, 2020 and is subject to certain conditions, including regulatory approval, including that of the TSX Venture Exchange.
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