Official News Releases.
WINNIPEG, July 21, 2023 – Dynamic Technologies Group Inc. (NEX: DTG.H, OTC:ERILF) (“Dynamic”, “DTGI” or “Company”), with reference to the Company’s prior news releases dated June 13, 2023 and June 26, 2023, announces that, further to the previously announced approval and reverse vesting order and a sale approval and vesting order (collectively, the “Court Order”) …
WINNIPEG, June 27, 2023 – Dynamic Technologies Group Inc. (NEX: DTG.H, OTC:ERILF) (“Dynamic”, “DTGI” or “Company”), with reference to the Company’s prior news release dated June 13, 2023, announces that on June 23, 2023 the Company obtained, from the Court of King’s Bench of Alberta (the “Court”) under the Companies’ Creditors Arrangement Act (Canada) (the …
WINNIPEG, June 13, 2023 – Dynamic Technologies Group Inc. (NEX: DTG.H, OTC:ERILF) (“Dynamic”, “DTGI” or “Company”) announces that on June 23, 2023 at 2:00 p.m. it intends to seek approval from the Court of King’s Bench of Alberta (the “Court”) under the Companies’ Creditors Arrangement Act (Canada) (the “CCAA”) for an approval and reverse vesting …
WINNIPEG, May 26, 2023 – Dynamic Technologies Group Inc. (NEX: DTG.H, OTC:ERILF) (“Dynamic” or “Company”) announces that, further to the previously announced sales and investment solicitation process (the “SISP”) under the Companies’ Creditors Arrangement Act (the “CCAA”), on May 9, 2023, FTI Consulting Canada Inc., the court-appointed monitor (the “Monitor”) terminated the SISP to enable …
WINNIPEG, March 17, 2023 – Dynamic Technologies Group Inc. (NEX: DTG.H, OTC:ERILF) (“Dynamic”, “Company”, “we” and “our”) announces that, further to the initial order for creditor protection announced in a news release dated March 9, 2023, March 16, 2023 the Company obtained an amended and restated initial order for creditor protection (the “AR Initial Order”) …
WINNIPEG, March 9, 2023 – Dynamic Technologies Group Inc. (TSXV: DTG, OTC:ERILF) (“Dynamic”, “Company”, “we” and “our”) announces that after the close of the market on March 9, 2023 it obtained an initial order for creditor protection (the “Initial Order”) from the Court of King’s Bench of Alberta (the “Court”) under the Companies’ Creditors Arrangement …
Dynamic Technologies Group Inc. announces that its USD$16 million senior secured credit facilities with Promising Expert Limited matured on February 28, 2023 and the Company is currently in default for non-payment of the same.
Dynamic Technologies Group announces that it has obtained an unsecured bridge loan of USD $1,000,000 from Excellence Raise Overseas Limited with an interest rate of 8% per annum. The Bridge Loan and accrued interest are repayable upon the closing of an anticipated financing transaction with a strategic investor previously disclosed.
Dynamic Technologies Group announces that it has executed an amendment to its loan agreement with Export Development Canada to extend its next USD $1 million principal payment date from January 16, 2023 until April 16, 2023 to correspond with its final USD $1 million principal payment.
Dynamic Technologies announces that it has executed an amendment to its senior loan agreement with Promising Expert Limited, to defer all interest payments until February 28, 2023, or until a USD $10 million financing transaction closes, whichever is sooner. The Company has also received an extension to its promissory note of USD $4 million in favour of High Express Holdings Limited, extending the maturity date to April 1, 2023 or until a USD $10 million financing transaction closes, whichever is sooner.
