Breaking AI Stock News: Alset Capital Inc. (TSXV: $KSUM.V) (OTC: $ALSCF) Announces Strategic Partnership with AI Data Engineering and Automation Pioneer, NOM NOM AI Inc. by Investee Company Vertex AI Ventures Inc; @AlsetAI

Breaking AI Stock News: Alset Capital Inc. (TSXV: $KSUM.V) (OTC: $ALSCF) Announces Strategic Partnership with AI Data Engineering and Automation Pioneer, NOM NOM AI Inc. by Investee Company Vertex AI Ventures Inc; @AlsetAI

 

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VANCOUVER, BC - May 21, 2024 (Investorideas.com Newswire) Alset Capital Inc. (TSXV:KSUM) (FSE:1R60, WKN:A3ESVQ) ("Alset" or the "Company") is pleased to announce that on May 20, 2024, its investee company, Vertex AI Ventures Inc. ("Vertex") has entered into a strategic AI data engineering and automation partnership with Nom Nom AI Inc. ("Nom Nom") in accordance with the terms of a Master Services Agreement between Vertex and Nom Nom (the "Master Services Agreement").

 

This news is paid advertisement/ news disseminated on behalf of/issued on behalf of Alset Capital Inc

 

Read this news, featuring KSUM in full at: https://www.investorideas.com/news/2024/technology/05212KSUM-Strategic-Partnership-NOM-NOM-AI.asp

The design and development of Large Language Models ("LLMs"), and other AI products, requires the processing of massive amounts of data. ChatGPT-4, as an example, had 1.76 trillion parameters¹. Vertex, led by Niko Kontogiannis, seeks to offer Data Management tools to companies, to improve their customers' business intelligence and ability to innovate.

"This partnership marks a significant milestone for Vertex as we seek to drive innovation in managed data services and AI." said Niko Kontogiannis, Director of Vertex. "Nom Nom's expertise perfectly complements our offerings seamlessly, enabling us to deliver exceptional value to clients. By integrating Nom Nom's patent pending data management technology, we are uniquely positioned to cultivate long-term client relationships by enhancing data quality, security and infrastructure performance."

 

"Our collaboration with Vertex represents a significant step forward in our mission to revolutionize data engineering, security, automation and AI optimization", said Nam Nguyen CEO of Nom Nom. "By leveraging Nom Nom's proprietary data solutions, Vertex is poised to deliver unparalleled value to businesses, driving innovation and efficiency in today's data-driven world."

 

Nom Nom is a pioneer in data engineering, security, and automation as a service. Their knowledge and expertise provides innovative solutions that leverage artificial intelligence to streamline operations, reduce operational and capital expenses, and ensure businesses maintain a competitive edge in today's data-rich environment. With data volumes reaching unprecedented levels, the demand for sophisticated analytics and scalable solutions has never been more urgent. Nom Nom's expertise in managing, integrating, and automating vast datasets positions them as a cornerstone in the evolving landscape of data management and artificial intelligence. Nom Nom seamlessly integrates hardware with their software capabilities, granting clients comprehensive access to data insights through their user-friendly interface. Vertex clients will also gain an intuitive interface that enhances their understanding of data.

 

The partnership between Vertex and Nom Nom is expected to bring forth a myriad of benefits for future clients, including enhanced data observability, insights, optimization of machine performance, and real-time analytics for clients, particularly those utilizing Alset's portfolio companies' AI computing infrastructure. Nom Nom's specialty in data retention and disposition policies ensures data security and compliance, addressing crucial concerns in today's digital age.

 

The collaboration between Vertex and Nom Nom underscores the transformative power of AI in reshaping industries and driving efficiency. As organizations increasingly turn to automation and AI technologies to eliminate human error and streamline operations, data security remains paramount. This partnership addresses these critical needs, empowering businesses to operate with confidence in a secure and compliant digital environment. Nom Nom will provide a user interface for Vertex's clients, the technology will allow Vertex to optimize its energy consumption and minimize costs. Vertex's future clients will have real-time insights on how much power is being utilized and when. Nom Nom's innovative technology provides detailed analytics and insights to optimize energy, costs, and performance.

 

¹ Medium.com

 

On behalf of Alset Capital Inc.

"Morgan Good"

Morgan Good
Chief Executive Officer

 

About Alset Capital Inc.

Alset Capital Inc. is an investment issuer that is focused on investment in diversified industries such as technology, healthcare, industrial, special situations, operating businesses through both debt and equity using cash resources or shares in its capital. The Company is led by an experienced, entrepreneurial group of executives having a diverse industry and capital markets background.

 

Alset Capital Inc.'s investment portfolio comprises 49% ownership of Cedarcross International Technologies Inc. and 49% ownership of Vertex AI Ventures Inc.

 

About Vertex AI Ventures Inc.

Vertex is at the forefront of intellectual property (IP) identification and acquisition, as well as providing AI data management services. The company's mission is to discover and acquire innovative AI intellectual property from early-stage ventures, fueling advancements in artificial intelligence. In the realm of data management, Vertex aims to excel in delivering premier services that harness the power of AI to streamline operations, minimize costs, and secure a competitive edge in the increasingly data-driven world.

 

The comprehensive suite of services offered by Vertex ensures superior data quality and security, offering advanced observability insights, machine performance optimization, and real-time analytics tailored to AI computing infrastructures. Specializing in data retention and disposition solutions, Vertex addresses critical issues of data security and compliance, setting the standard for safeguarding the integrity and privacy of digital information in today's complex digital landscape.

 

About Nom Nom AI Inc.

Nom Nom is a pioneer in data engineering & automation as a service. Our knowledge and expertise delivers the best outcomes with artificial intelligence. Our solutions reduce OpEx/CapEx, streamline operations, and ensure a competitive edge. In today's digital landscape, generating an unprecedented volume of data, businesses are in dire need of sophisticated, real-time analytics and adaptable, scalable solutions. Nom Nom emerges as a leader in revolutionizing data management, thanks to our innovative cutting-edge approach. We address the complex challenge of managing, integrating, and automating vast volumes of data for businesses, offering services designed to simplify complex data ecosystems. This crucial shift and urgent need for advanced data management, makes Nom Nom a key partner in the data-driven world and artificial intelligence.

 

For further information about Alset Capital Inc., please contact:

Morgan Good, CEO and Director
T: 604.715.4751
E: morgan@alsetai.com

 

Forward-Looking Statement Cautions

Certain statements in this press release may contain forward-looking information (within the meaning of Canadian securities legislation), including, without limitation, the perceived benefits of the Master Services Agreement amongst Vertex and Nom Nom, the demand and growth of the AI industry, and the consummation of the transactions contemplated by the Master Services Agreement . These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties, and other factors, which may cause the actual results, performance, or achievements to be materially different from any future results, performance, or achievements expressed or implied by the statements. Forward-looking statements speak only as of the date those statements are made. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include regulatory actions, market prices, and continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by applicable law, the Company assumes no obligation to update or to publicly announce the results of any change to any forward-looking statement contained or incorporated by reference herein to reflect actual results, future events or developments, changes in assumptions, or changes in other factors affecting the forward-looking statements. If the Company updates any forward-looking statement(s), no inference should be drawn that it will make additional updates with respect to those or other forward-looking statements.

 

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 this release.

 

SOURCE: Alset Capital Inc.

 

Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions. Disclosure: Alset Capital Inc. is a paid featured AI stock on Investorideas.com effective April 20, 2024, More info https://www.investorideas.com/About/News/Clientspecifics.asp

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AI Tech Stocks to Watch (TSXV: $KSUM.V) (OTC: $ALSCF) (NASDAQ: $SMCI) (NASDAQ: $NVDA) (OTQC: $VRSSF) (CBOE Canada: $VERS.NE) @AlsetAI @nvidia @Supermicro_SMCI @helloVERSES

AI Tech Stocks to Watch (TSXV: $KSUM.V) (OTC: $ALSCF) (NASDAQ: $SMCI) (NASDAQ: $NVDA) (OTQC: $VRSSF) (CBOE Canada: $VERS.NE) @AlsetAI @nvidia @Supermicro_SMCI @helloVERSES

 

AI Technology Making Businesses more Efficient and Profitable- Big Gains for AI Stocks on the Horizon?

 

May 21, 2024 – Investorideas.com, a global investor news source covering Artificial Intelligence (AI) and technology stocks releases a snapshot looking at the evolution and integration of AI solutions to make businesses more efficient and profitable. Looking at some of the stocks in the sector from recently listed companies like Alset Capital Inc. (TSXV:KSUM) (OTC :ALSCF) (FSE:1R60), to established global leaders, recent revenue and funding news shows there is a pot of gold at the end of the AI rainbow.

 

This article is a paid for content service on behalf of Alset Capital Inc. (KSUM.V).

 

Read this article featuring KSUM in full at https://www.investorideas.com/news/2024/technology/05211AI-Tech-Stocks.asp

 

According to GlobalData, “The AI market is forecast to grow at a CAGR of more than 38% between 2023 and 2030.”

 

Continued: “The AI competitive landscape is evolving rapidly, with new products or enabling technologies (e.g., OpenAI’s Sora, Nvidia’s Blackwell GPUs) being launched, new entrants emerging (e.g., xAI), and partnerships (e.g., Microsoft and Mistral) established.”

 

Listing its stock in Only March of this year, Alset Capital Inc. (TSXV: KSUM) (OTC: ALSCF) (FSE: 1R60) is off to the races, announcing last week that its investee company, Cedarcross International Technologies Inc. signed an agreement with an arm's length counterparty to distribute 64 Nvidia H100 HGX 8GPU servers, which generates $26 million in revenue for Cedarcross.

 

(Paid news dissemination on behalf of Alset Capital)

Following Cedarcross' initial distribution agreement announced on April 22, 2024, this agreement marks a significant advancement in Cedarcross' distribution capabilities within the high-performance computing (HPC) server market. Cedarcross has now secured cumulative gross revenue year to date of approximately $28 million through its HPC server distribution business vertical alone. These agreements underscore the robust demand and strategic market positioning of Cedarcross in the HPC landscape. Leveraging key industry partnerships, including with Earthmade Computer Corp., an authorized distributor of Super Micro Computer, Inc. (NASDAQ: SMCI), Cedarcross continues to demonstrate its ability to secure competitive pricing and expedited lead times for highly sought-after Nvidia (NASDAQ: NVDA) H100 GPU servers.

 

"This deal represents a significant milestone for Cedarcross," said Morgan Good, CEO of Alset. "It substantially increases their revenue, and highlights their strong partnerships, which provide access to high-performance computing Nvidia GPU servers for both in-house use and third parties. Additionally, this distribution vertical enhances their existing compute leasing business unit, fostering diversity in their offerings and deeper market penetration."

Following this news and momentum, Alset Capital just announced that its second portfolio company, Vertex AI Ventures, has entered into a strategic AI data engineering and automation partnership with Nom Nom AI Inc.

Nom Nom is a pioneer in data engineering, security, and automation as a service. Their knowledge and expertise provides innovative solutions that leverage artificial intelligence to streamline operations, reduce operational and capital expenses, and ensure businesses maintain a competitive edge in today's data-rich environment. With data volumes reaching unprecedented levels, the demand for sophisticated analytics and scalable solutions has never been more urgent. Nom Nom's expertise in managing, integrating, and automating vast datasets positions them as a cornerstone in the evolving landscape of data management and artificial intelligence. Nom Nom seamlessly integrates our hardware with their software capabilities, granting clients comprehensive access to data insights through their user-friendly interface. Through our investee company Vertex, clients also gain an intuitive interface that enhances their understanding of data.

 

The partnership between Vertex AI Ventures and Nom Nom arguably brings forth a myriad of benefits, including enhanced data observability, insights, optimization of machine performance, and real-time analytics for clients utilizing Alset's portfolio companies AI computing infrastructure. Nom Nom's specialty in data retention and disposition policies ensures data security and compliance, addressing crucial concerns in today's digital age.

 

The collaboration between Vertex AI Ventures and Nom Nom underscores the transformative power of AI in reshaping industries and driving efficiency. As organizations increasingly turn to automation and AI technologies to eliminate human error and streamline operations, data security remains paramount. This partnership addresses these critical needs, empowering businesses to operate with confidence in a secure and compliant digital environment. In the future, Nom Nom will provide a user interface for Vertex AI Ventures clients, the technology will allow Vertex customers to optimize its energy consumption and minimize costs. Our clients will have real-time insights on how much power is being utilized and when. Nom Nom's innovative technology provides detailed analytics and insights to optimize energy, costs, and performance.

 

Under the terms of the partnership, Nom Nom will provide comprehensive data engineering, security and automation services, including consulting, planning, AI implementation and optimization, and ongoing architecture maintenance for Vertex AI Ventures customers.

In April, Alset announced another significant revenue deal. The Company’s investee, Cedarcross International Technologies Inc. (“Cedarcross”)entered into a two-year AI Computing leasing agreement, with an arm's length counterparty. The Agreement is expected to generate approximately CAD$5.5 million in total revenue.

 

Under the terms of the Agreement, Cedarcross will provide approximately 700,000 compute hours annually, totaling 1.4 million AI compute hours over the contract's duration. This agreement, with an esteemed arm's length third-party enterprise client, underscores Cedarcross growing influence and capabilities in the realm of AI infrastructure.

 

Supermicro (NASDAQ: SMCI), a global leader delivering first to market innovation for Enterprise, Cloud, AI, and 5G Telco/Edge IT Infrastructure, recently announced financial results for its third quarter of fiscal year 2024 ended March 31, 2024.

 

Third Quarter Fiscal Year 2024 Highlights included:

·              Net sales of $3.85 billion versus $3.66 billion in the second quarter of fiscal year 2024 and $1.28 billion in the same quarter of last year.

·              Gross margin of 15.5% versus 15.4% in the second quarter of fiscal year 2024 and 17.6% in the same quarter of last year.

·              Net income of $402 million versus $296 million in the second quarter of fiscal year 2024 and $86 million in the same quarter of last year.

·              Diluted net income per common share of $6.56 versus $5.10 in the second quarter of fiscal year 2024 and $1.53 in the same quarter of last year.

·              Non-GAAP diluted net income per common share of $6.65 versus $5.59 in the second quarter of fiscal year 2024 and $1.63 in the same quarter of last year.

 

·              Cash flow used in operations for the third quarter of fiscal year 2024 of $1,520 million and capital expenditures of $93 million.

 

"We had yet another record quarter with fiscal Q3 revenue of $3.85 billion with non-GAAP EPS of $6.65 per share. This year-over-year revenue growth of 200% and year-over-year non-GAAP EPS growth of 308% was well above our industry peers," said Charles Liang, President and CEO of Supermicro. "Strong demand for AI rack scale PnP solutions, along with our team’s ability to develop innovative DLC designs, enabled us to expand our market leadership in AI infrastructure. As new solutions ramp, including fully production ready DLC, we expect to continue gaining market share. As such, we are raising our fiscal year 2024 revenue outlook from $14.3 to $14.7 billion to a new range of $14.7 to $15.1 billion."

 

Looking at efficiencies, Supermicro also recently announced it is addressing the most demanding requirements from customers who want to expand their AI and HPC capacities while reducing data center power requirements. Supermicro delivers complete liquid-cooled solutions, including cold plates, CDUs, CDMs, and entire cooling towers. A significant reduction in the PUE of a data center is quickly realized with data center liquid-cooled servers and infrastructure, and this can reduce overall power consumption in the data center by up to 40%.

 

VERSES AI (CBOE Canada: VERS) (OTCQX:VRSSF), a cognitive computing company specializing in biologically inspired distributed intelligence, with their flagship offering, Genius™,  announced on May 17^th, that it closed the third and final tranche  of its previously announced non-brokered private placement  of special warrants , whereby the Company has completed the issuance of 674,700 Special Warrants at a price of $1.00 per Special Warrant. Further to the Company's news release dated April 18, 2024 and April 30, 2024, the Company has raised gross proceeds of $10,000,000 through the sale of 10,000,000 Special Warrants in the Private Placement.

 

In mid-April the company gave an update on its tech, noting, “For an early-stage company we have so much going on, especially in the last few months. We wanted to provide this update to share our progress,” said Gabriel René, Founder and CEO of VERSES.

 

From the news: In the Company update last year, VERSES announced the merger of many of their previous technologies and applications into a single developer platform and data pipeline called Genius™ to enable developers to develop and deploy intelligent agents. VERSES launched their Genius™ Private Beta program in October 2023 to enable early access to partners across multiple industries to showcase the applicability of Genius™. To date, the Company has announced the following 6 Beta engagements: Nalantis, Cortical Labs, SimWell, NASA’s Jet Propulsion Laboratory (JPL), Volvo Cars, and Blue Yonder.

 

For investors looking for the direction of AI stocks and revenue potential moving forward, the stock that incited the AI stock frenzy by beating estimates in its last earnings report is set to release new numbers this week.

 

Nvidia (NASDAQ: NVDA) will host a conference call on Wednesday, May 22, at 2 p.m. PT (5 p.m. ET) to discuss its financial results for the first quarter of fiscal year 2025, which ended April 28, 2024.

 

The call will be webcast live (in listen-only mode) on investor.nvidia.com. The company’s prepared remarks will be followed by a question-and-answer session, which will be limited to questions from financial analysts and institutional investors.

 

Ahead of the call, NVIDIA will provide written commentary on its first-quarter results from its CFO, Colette Kress. This material will be posted to investor.nvidia.com immediately after the company’s results are publicly announced at approximately 1:20 p.m. PT.

 

If Nvidia can pull off another winning earnings report, AI stocks will most likely see another run as they have following the leader, Nvidia, in the last AI bull run. 

 

For a list of artificial intelligence stocks on Investorideas.com visit here

 

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Diamond Stocks added to watch list - (ASX: $GIB.AX) (LSE: $GEMD.L) (LSE: $KDR.L) (LSE: $PDL.L)

Diamond Stocks added to watch list - (ASX: $GIB.AX) (LSE: $GEMD.L) (LSE: $KDR.L) (LSE: $PDL.L)

 

Zinc & Iron Stocks to Watch - (CSE: $SLZ.CN) (ASX: $MGX.AX) (OTC: $LBRMF) (ASX: $PLG.AX)

 

 

 

May 17, 2024 – (Investorideas.com Newswire) Investorideas.com, a global news source and expert investing resource, announces today’s roundup of stocks to watch in the Mining sector.  

 

Read this in full at https://www.investorideas.com/news/2024/main/05171Stocks.asp

 

The newest diamond mining companies are ASX and LSE listed.

 

The latest zinc company is looking to develop property in the NW Territories of Canada, while the newest iron ore companies operate in Australia and Quebec Canada.

 

Investor Ideas is always on the hunt for new stocks to add to our growing list of free stock directories. The directories are not meant as recommendations but as a research tool to discover opportunities and trading ideas in a particular sector. 

 

New Stocks Added to the Mining Directories:

Gibb River Diamonds (ASX:GIB) owns the Ellendale Diamond Project in the Kimberley Region of Western Australia. The Ellendale Project has been one of the world’s largest diamond producers in the past, with previous operators reporting a combined market capitalisation of over $690 million in 2006 on leases now largely held by GIB. Ellendale’s production included the annual supply of over 50% of the world’s Fancy Yellow diamonds, which were the subject of a special marketing agreement between former operators and Tiffany & Co. The Company’s aim is to enable the re-establishment of diamond mining at Ellendale.

 

Gem Diamonds Limited (LSE:GEMD) owns the Letšeng diamond mine in Lesotho and the Ghaghoo mine in Botswana, with Head Offices in the United Kingdom and Sales and Marketing capabilities in Belgium and Innovation Solutions in Cyprus. The Letšeng mine is renowned for its production of large, top colour, exceptional white diamonds, making it the highest average dollar per carat kimberlite diamond mine in the world.

 

Karelian Diamond Resources PLC (LSE:KDR) has an established diamond exploration and development programme in Finland, together with an active exploration programme for nickel, copper and platinum group metals in Northern Ireland.

 

Petra Diamonds Limited (LSE:PDL) is the world’s third largest producer of rough diamonds by value, supplying these rare and precious gemstones to the Jewellery industry safely and to the highest ethical standards.

 

Slave Lake Zinc Corp          (CSE:SLZ) is a company that aims to unlock the potential of its O'Connor Lake property, a historic site rich in zinc, lead, and copper, situated in Canada's Northwest Territories. This property, found to the south of the Great Slave Lake and east of the Pine Point project, was initially developed post-World War II. However, it was abandoned in 1952 due to the collapse of zinc and lead prices after the war. Slave Lake Zinc Corp. is confident in its abilities to develop this project and significantly enhance the historic potential of the property

 

Mount Gibson Iron (ASX:MGX) is an independent Australian producer of high quality direct shipping grade iron ore products with assets in the Kimberley and Mid West regions of Western Australia.

 

Labrador Iron Mines Holdings Limited (OTC:LBRMF) through its majority owned subsidiaries Labrador Iron Mines Limited (“LIM”) and Schefferville Mines Inc. (“SMI”), owns extensive iron ore resources in the central part of the Labrador Trough region, one of the major iron ore producing regions in the world, centered near the town of Schefferville, Quebec. LIM’s current focus is on planning activities related to the development of its Houston Project and, subject to securing development financing, LIM is positioned to resume project development and production of direct shipping iron ore from the Houston deposits at the earliest opportunity. In the three-year period of 2011, 2012 and 2013 LIM produced a total of 3.6 million dry metric tonnes of iron ore, all of which was sold in 23 cape-size shipments into the China spot market.

 

Pearl Gull Iron Ltd (ASX:PLG) tenure and key infrastructure located at Cockatoo Island provide the Company with a real time and cost advantage in its commercial efforts in a location which historically has hosted one of the world’s highest grade iron ore deposits. Pearl Gull is undertaking a high impact exploration program in an area of known mineralisation where the Company’s exploration interpretation of the geology is strongly supported by historical data. Pearl Gull is targeting the establishment of iron ore resources and ultimately the definition of iron ore reserves and has assembled a talented board and team to action the Company’s strategy.

 

 

For the avid Mining Stock Investors – Check out our free comprehensive directory of Mining Stocks Mining Stocks Directory

 

 

 

Stay up to date on current mining sector news at https://www.investorideas.com/Gold_Stocks/ and Get News Alerts on Mining Stocks

 

 

Check out the Exploring Mining podcast by Investor Ideas for the latest mining stock news and insightful interviews with top industry experts. We're proud to have been recognized as number 1 in the top 30 Mining Podcasts to listen to in 2024 by Feedspot based on a review of thousands of podcasts on the web and ranked by traffic, social media followers & freshness. Host Cali Van Zant interviews CEO's and analysts to give you insight into the sector. Stay ahead of the game with Exploring Mining.

 

About Investorideas.com - Big Investing Ideas

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Breaking Cleantech Stock News: dynaCERT (TSX: $DYA.TO) (OTCQX: $DYFSF) Launches $2,500,000 Non-Brokered Private Placement of Equity; @dynaCERT

Breaking Cleantech Stock News: dynaCERT (TSX: $DYA.TO) (OTCQX: $DYFSF) Launches $2,500,000 Non-Brokered Private Placement of Equity; @dynaCERT

 

NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. WIRE SERVICES

 

TORONTO - May 17, 2024 (Investorideas.com Newswire) dynaCERT Inc. (TSX: DYA) (OTCQX: DYFSF) (FRA: DMJ) ("dynaCERT" or the "Company") is pleased to announce that it has initiated a non-brokered private placement of equity (the Offering") of up to 16,666,667 units. Each unit (a "Unit") shall be priced at $0.15 per Unit for a total maximum Offering of $2,500,000. All dollar values are in Canadian dollars.

 

This news is paid advertisement/ news disseminated on behalf of/issued on behalf of dynaCERT Inc.

 

Read this news, featuring DYA in full at

https://www.investorideas.com/news/2024/05171DYA-Non-Brokered-Private-Placement-of-Equity.asp

 

Each Unit shall consist of one (1) common share of the Company (a "Common Share") and one-half (1/2) of a common share purchase warrant. Each whole warrant (a "Warrant") is exercisable into one (1) Common Share at an exercise price of $0.20 per Warrant at any time for a period commencing upon the closing of the Offering (the "Closing Date") for a period of thirty-six months thereafter.

 

If at any time after the date that is four months and one day after the Closing Date, the closing trading price of the Common Shares on the Toronto Stock Exchange is greater than $0.35 per Common Share for a period of ten (10) consecutive business days, then the Company may give notice thereof to the holders of the Warrants, and, in such case, the expiry time of the Warrants shall be accelerated and shall be the 30th day after the date on which such notice is deemed to have been given by the Company.

 

The gross proceeds of the Offering will be used to finance sales of the Company's HydraGEN™ Technology Products to participants in the mining, oil & gas, transportation and generator sectors on a global basis, for working capital and debt repayment, for general corporate purposes, and to settle advisory fees and permitted finders' fees under applicable securities legislation (if applicable).

 

The Offering will be offered for sale to purchasers (i) in all provinces of Canada pursuant to available private placement exemptions, (ii) in the United States on a private placement basis pursuant to available exemptions from the registration requirements under the United States Securities Act of 1933, as amended, and (iii) in offshore jurisdictions as may be agreed to by the Company pursuant to available prospectus or registration exemptions in accordance with applicable laws.

 

The Units (and underlying securities) shall be subject to a statutory hold period that will extend four (4) months plus one day from the Closing Date.

 

Subject to applicable securities regulation, the Company may pay finders fees consisting of up to 5% cash and 5% compensation warrants in connection with the Offering. The compensation warrants shall be exercisable into Units at a price of $0.18 per compensation warrant.

 

Closing of the Offering is subject to completion of formal documentation and receipt of all necessary regulatory approvals, including approval of the Toronto Stock Exchange.

The securities offered hereby have not and will not be registered under the United States Securities Act of 1933 (the "1933 Act") and may not be offered or sold in the United States or to U.S. persons (as defined in Regulation S under the 1933 Act) unless the securities have been registered under the 1933 Act or are otherwise exempt from such registration.

 

About dynaCERT Inc.

dynaCERT Inc. manufactures and distributes Carbon Emission Reduction Technology along with its proprietary HydraLytica™ Telematics, a means of monitoring fuel consumption and calculating GHG emissions savings designed for the tracking of possible future Carbon Credits for use with internal combustion engines. As part of the growing global hydrogen economy, our patented technology creates hydrogen and oxygen on-demand through a unique electrolysis system and supplies these gases through the air intake to enhance combustion, which has shown to lower carbon emissions and improve fuel efficiency. Our technology is designed for use with many types and sizes of diesel engines used in on-road vehicles, reefer trailers, off-road construction, power generation, mining and forestry equipment. Website: www.dynaCERT.com.

 

READER ADVISORY

Except for statements of historical fact, this news release contains certain "forward-looking information" within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. In particular, information relating to Jeff Zajac cannot be independently verified. Although we believe that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. We cannot guarantee future results, performance of achievements. Consequently, there is no representation that the actual results achieved will be the same, in whole or in part, as those set out in the forward-looking information.

Forward-looking information is based on the opinions and estimates of management at the date the statements are made and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking information. Some of the risks and other factors that could cause the results to differ materially from those expressed in the forward-looking information include, but are not limited to: uncertainty as to whether our strategies and business plans will yield the expected benefits; 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 and changes in laws and regulations; 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; and the other risk factors disclosed under our profile on SEDAR at www.sedar.com. Readers are cautioned that this list of risk factors should not be construed as exhaustive.

 

The forward-looking information contained in this news release is expressly qualified by this cautionary statement. We undertake no duty to update any of the forward-looking information to conform such information to actual results or to changes in our expectations except as otherwise required by applicable securities legislation. Readers are cautioned not to place undue reliance on forward-looking information.

 

Neither the Toronto Stock Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Toronto Stock Exchange) accepts responsibility for the adequacy or accuracy of the release.

 

On Behalf of the Board
Murray James Payne, CEO

 

Contacts

For more information:
Jim Payne, CEO & President
dynaCERT Inc.
#101 - 501 Alliance Avenue
Toronto, Ontario M6N 2J1
+1 (416) 766-9691 x 2
jpayne@dynaCERT.com

 

Investor Relations
dynaCERT Inc.
Nancy Massicotte
+1 (416) 766-9691 x 1
nmassicotte@dynaCERT.com

 

dynaCERT Inc. (TSX:DYA.TO) (DYFSF) is a featured Renewable Energy / Fuel Cell stock on Investorideas.com

 

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