Dynacor Group Inc. announced a private placement of an aggregate of 90,700 common shares at an price of CAD 5.05 per common share for an aggregate gross proceeds of CAD 457,749 on April 12, 2024. The transaction included participation from returning investor iolite Capital Management Ltd. Immediately prior to the transaction, the investor held 3,569,300 common shares, representing approximately 9.8% of the issued and outstanding common shares of the company. Immediately following the transaction, the investor owns, has beneficial ownership of, or has control and direction over 3,660,000 common shares, representing approximately 10% of the issued and outstanding common shares.

The investor may increase or reduce its investment in the company according to market conditions or other relevant factors. Neither the investor nor any persons acting jointly or in concert with the investor currently has any plans or intentions that relate to the acquisition or disposition of securities of the company.