dynaCERT Acquires a 15% Ownership of Cipher Neutron

Source: www.gulfoilandgas.com 6/11/2024, Location: North America

dynaCERT Inc. (TSX: DYA) (OTCMKTS: DYFSF) (FRA: DMJ) ("dynaCERT" or the "Company") is pleased to announce an initial acquisition totalling fifteen percent (15%) of Cipher Neutron Inc. (“Cipher Neutron” or “CN”).

dynaCERT has agreed to receive 7,178,000 Units of equity of Cipher Neutron, each Unit consisting of one (1) Class A Share in the capital of Cipher Neutron and one half (1/2) of a Class A Share Purchase Warrant. This acquisition totals 7,178,000 Class A Shares in the capital of the Cipher Neutron and 3,589,000 Class A Share Purchase Warrants, representing fifteen percent (15%) of the common shares of Cipher Neutron on an undiluted basis and over twenty percent (20%) of Cipher Neutron on a fully diluted basis.

This acquisition marks dynaCERT's initial equity participation in Cipher Neutron and paves the way for the potential acquisition of additional shares through further investments such as the exercise of Class A Share Purchase Warrants.

As consideration for dynaCERT’s subscription of equity in Cipher Neutron, the collaboration agreement dated February 17, 2023 and the amendment thereto dated June 28, 2023 between Cipher Neutron and dynaCERT have been terminated by mutual consent of all parties and options under this agreement have been cancelled.


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