Certain major shareholders including directors of DynaCERT Inc. (DYA: CA) have extended the formal strategic voluntary lock-up agreement and increased the total from 55 million in September, 2016, to over 72 million shares effective immediately. The Voluntary Lock-Up Agreement stipulates that these shareholders shall not assign, deal in, pledge, sell, trade or transfer in any manner whatsoever, or agree to do so in the future, any of the shares or any beneficial interest in them, on or before July 31, 2017. This undertaking will be construed in accordance with and governed by the laws of the Province of Ontario and the laws of Canada applicable in Ontario.
dynaCERT’s President and CEO, Jim Payne, states, “The directors and major shareholders that have entered into this voluntary lock-up agreement are reconfirming their long-term commitment and confidence in dynaCERT’s ability to increase shareholder value as they continue to ramp up production and sales growth.”
dynaCERT announced that its Chief Financial Officer and Corporate Secretary, Yumey Fernandez, has resigned due to personal reasons effective March 3, 2017. The company has appointed Mr. Terrence MacDonald, CPA, CA, as Chief Financial Officer and Corporate Secretary effective March 8, 2017. Mr. Khoa Tran, B.A., has also joined the dynaCERT team as the Director of Finance.
“I would like to thank Ms. Fernandez, who has been an integral part of dynaCERT for more than four years, for making this transition as smooth as possible and wish her continued success in her future endeavors,” says President and CEO, Jim Payne.
Mr. MacDonald, CPA, CA, is a Chartered Professional Accountant with over 30 years’ experience in the financial, technology and resource sectors including major international experience in Europe and Asia, including 20 years working with Ernst & Young and KPMG. His extensive experience with public company financial reporting and regulatory compliance will be a major benefit for dynaCERT. He was previously an audit partner (with a mid-sized accounting firm) where he provided accounting, audit and transaction services to a diverse group of public companies. Mr. MacDonald also has significant experience in mergers and acquisitions, financial restructuring and strategic planning.
Mr. Tran, B.A., has over 20 years of financial reporting and accounting experience. This includes over 15 years in management positions in world class global businesses for manufacturing and service environments. He has expertise in cost accounting, financial analysis and reporting, variance analysis and government reporting. Mr. Tran was previously the Director of Finance for a mid-sized manufacturing company and Controller for various mid-sized and Fortune 500 automotive and manufacturing companies with international offices.
“Mr. MacDonald and Mr. Tran bring a wealth of experience to our company and will be very valuable as dynaCERT rapidly expands.” says Jim Payne. “They are both excellent additions to our team.”
This month dynaCERT has received approval from The Depository Trust Company (“DTC”) of New York, NY and is now DTC eligible under the symbol DYFSF.
DTC eligibility allows dynaCERT shares to be more easily and economically transferred between brokerage accounts electronically within the United States. DTC is the largest securities depository in the world, providing clearing and settlement efficiencies for brokers, as well as various other services.
DTC eligibility simplifies trading of dynaCERT shares on the OTCQB market making them accessible to an even broader range of investors and assists in increasing the liquidity and convenience of trading shares within the U.S. dynaCERT will continue to trade on the TSX Venture stock exchange under its existing symbol DYA.
The Annual General and Special Meeting of Shareholders (AGM) will be held at 11:00 am on Friday, March 24th, 2017 at the Banquet Hall located adjacent to the dynaCERT offices at 501 Alliance Avenue. Management will be presenting our growth opportunities and business plan, including the introduction of special guest speakers. Following, there will be a tour of our research and development area and the new manufacturing facilities.
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 www.dynaCERT.com.
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