Centurion Private Equity is backing Dynamic Ventures Corp. to the tune of $7.5 million, the company announced Wednesday. Dynamic Ventures, which is traded on the over-the-counter Bulletin Board, provides technology that allows firms to custom design, manufacture and install complete LEED-certified structures.
Dynamic Ventures Corporation (OTCBB: DYNV) today announced the signing of a $7,500,000 Equity Funding Facility with Centurion Private Equity, LLC (“Centurion”), an accredited investor. Dynamic Ventures intends to use the funding facility to support ongoing construction projects, expand into new territories and to support general corporate purposes.
Centurion has committed to purchase for cash consideration, subject to certain conditions and limitations described in the agreement, including limitations based upon the price and trading volume of Dynamic’s common stock and subject to an effective registration statement, up to an aggregate of $7,500,000 of Dynamic’s common stock. Under the Equity Funding Facility, Dynamic may, at its discretion, provided that it meets certain conditions, periodically sell to Centurion shares of Dynamic’s common stock at a price based upon the market price (as defined in the agreement) of Dynamic’s common stock.
Additional details on the transaction are available in the Company’s 8-K filing with the Securities and Exchange Commission.
Dynamic Ventures Corp. CEO, Mr. Paul Kalkbrenner, stated: “We continue to see growth and opportunities in niche building segments. We believe we have uniquely positioned ourselves to take advantage of these opportunities and that having access to capital in a timely and efficient manner would allow us to continue on the growth path that we have set for ourselves.”
About The Company
Dynamic Ventures Corporation develops and markets efficient construction solutions for residential and commercial buildings. The company offers a turnkey solution enabling the firm to custom design, manufacture and install complete LEED-certified structures.
This press release contains forward-looking statements that involve risks and uncertainties, including the Company’s beliefs about its business prospects and future results of operations. The forward-looking statements are based on current expectations, estimates and projections made by management. The Company intends for the forward-looking statements to be covered by the safe harbor provisions for forward-looking statements. Words such as “anticipates,” “expects,” “intends,” “plans,” “believes,” “seeks,” “estimates,” or variations of such words are intended to identify such forward-looking statements. The forward-looking statements contained in this press release include the intended use of proceeds, our positioning in the market and ability to seek opportunities and the growth resulting from the funding. The forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially including our inability to meet the conditions necessary to utilize the equity line, incurrence of unanticipated expenses for which we cannot obtain financing, unavailability of market opportunities, economic and operational risks, changes in anticipated earnings, continuation of current contracts, and other factors detailed in the Company’s filings with the Securities and Exchange Commission, including its most recent Forms 10-Q and 10-K annual report. The forward-looking statements provided above are dynamic and therefore refer only to this release date. The Company does not undertake to update any forecasts that it may make available to the investing public.