Eric Sprott Announces Changes to his Holdings in dynaCERT Inc.

Rhea-AI Summary

DynaCERT Inc. (DYA) - Eric Sprott Announces Expiry of Common Share Purchase Warrants, Resulting in Ownership Change and Ceasing to be an Insider

Positive

• Mr. Sprott's long-term investment view indicates confidence in the company's potential for future growth.

Negative

• None.

Toronto, Ontario--(Newsfile Corp. - November 14, 2023) - Eric Sprott announces that, today, 14,000,000 common share purchase warrants (Warrants) of dynaCERT Inc., (held by 2176423 Ontario Ltd., a corporation he beneficially owns) expired unexercised representing a decrease in holdings of approximately 4.9% of the outstanding common shares (Shares) on a partially diluted basis since the date of the last early warning report. Prior to the expiry of these Warrants, Mr. Sprott beneficially owned 29,893,500 Shares and 14,000,000 Warrants representing approximately 7.9% of the outstanding Shares on a non-diluted basis and approximately 11.1% on a partially diluted basis assuming the exercise of such Warrants.

Mr. Sprott still controls 29,893,500 Shares representing approximately 7.9% of the outstanding Shares on a non-diluted basis The Warrants expiry combined with previous new share issuances dynaCERT resulted in an ownership change, on a partially diluted basis, of approximately 4.9% since the date of the last filing of an Early Warning Report and brings total holdings to under 10% on a non-diluted basis. As a result, Mr. Sprott ceased to be an insider of dynaCERT Inc.

The securities are held for investment purposes. Mr. Sprott has a long-term view of the investment and may acquire additional securities including on the open market or through private acquisitions or sell the securities including on the open market or through private dispositions in the future depending on market conditions, reformulation of plans and/or other relevant factors.

dynaCERT Inc., is located at 101 501 Alliance Avenue, Toronto, ON, M6N 2J1. A copy of the early warning report with respect to the foregoing will appear on dynaCERT's profile on SEDAR+ at www.sedarplus.ca and may also be obtained by calling Mr. Sprott's office at (416) 945-3294 (2176423 Ontario Ltd., 200 Bay Street, Suite 2600, Royal Bank Plaza, South Tower, Toronto Ontario M5J 2J1).

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/187392

FAQ

What is the impact of the expiry of the common share purchase warrants on Eric Sprott's holdings in dynaCERT Inc. (DYA)?

The expiry resulted in a decrease in holdings by approximately 4.9% on a partially diluted basis, bringing total holdings to under 10% on a non-diluted basis, causing Mr. Sprott to cease being an insider of dynaCERT Inc.

What are Mr. Sprott's future plans regarding his investment in dynaCERT Inc. (DYA)?

He may acquire additional securities or sell the securities in the future depending on market conditions, reformulation of plans, and other relevant factors.

Where can I find the early warning report with respect to the foregoing?

The early warning report will appear on dynaCERT's profile on SEDAR+ at www.sedarplus.ca and can be obtained by calling Mr. Sprott's office at (416) 945-3294.