Atlanta, GA -- July 28, 215 -- InvestorsHub NewsWire
-- Dominovas Energy Corporation (OTCQB:
DNRG), an energy-solutions company headquartered in Atlanta,
GA, announces it has engaged Pyrenees Investments, LLC as the
Company's investment bank to prepare a private placement of shares
of common stock and warrants to purchase shares of common stock for
gross proceeds of up to US$10 million.
The Company intends to use the net proceeds of the offering,
excluding any future proceeds from the exercise of the warrants, to
fund working capital and other general corporate purposes. The
offering is expected to close prior to the end of Q3 2015, subject
to satisfaction of customary closing conditions. Pyrenees
Investments is acting as the Company's placement agent on a best
efforts basis.
The capital raised will allow Dominovas Energy to expand its
energies in the manufacture and deployment of clean, reliable and
sustainable power generation via the RUBICON™, its Solid Oxide Fuel
Cell (SOFC) system. Eric Fresh, Sr. Vice President of Finance and
Investments, commented, "Hiring Pyrenees Investments to secure
investment capital to support the working capital needs of
Dominovas Energy further enhances the Company's ability to expand
its efforts to meet the documented demand for increased power
generation and electricity supply worldwide.
"Equally important, the capital raise, as proposed, would
promote a financing structure that more appropriately supports the
long-term growth prospects and objectives of Dominovas Energy.
Given Dominovas Energy's elevated trading profile, evidenced by
daily volume and the increased presence of institutional investors,
the Company is consistently attracting an ever more knowledgeable
and supportive investor base that is affording us the opportunity
to secure financing through structures that typically are more
often utilized for funding growth stage, pre-revenue public
companies."
Mr. Fresh added, "As a company, we are quickly graduating from a
typical micro-cap company's reliance on the use of potentially
toxic forms of convertible debt and equity-based financing.
Conversely, financing structures involving common shares with
warrants align the interests of investors more closely to those of
the Company."
The securities if offered in a private placement may not be
registered under the Securities Act of 1933, as amended (the
"Securities Act"), or applicable state securities laws.
Accordingly, if the Company chooses this route, the securities may
not be offered or sold in the United States except pursuant to an
effective registration statement or an applicable exemption from
the registration requirements of the Securities Act and such
applicable state securities laws. In any event however, the
securities will be offered only to accredited investors. Pursuant
to any registration rights agreement with the investors, the
Company will have to agree to file a registration statement with
the SEC covering any resale of the shares of common stock, as well
as any shares of common stock issuable along with any exercise of
any applicable warrants within 30 days of any closing date.
Further details of any placement, as may be required, would be
described in Current Report on Form 8-K as would be filed with the
SEC by the Company along with any of the appropriate transaction
documents. Additionally, they would be attached and/or included to
any filed Form 8-K, including the exhibits, with respect to this or
any subsequent transaction(s).
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy any securities described herein,
nor shall there be any sale of these securities in any state or
jurisdiction in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the
securities laws of any such state or jurisdiction.
About Pyrenees Investments, LLC
Pyrenees Investments is a full-service Microcap Advisory Firm
with headquarters in Las Vegas, NV with associate offices in Los
Angeles, CA and Lakeland, FL. Pyrenees Investments' services
include, but are not limited to, capital placements in equity,
preferred equity, convertible equity, public offerings, follow-on
offerings, asset-based lending, first-lien lines of credit, and
mezzanine debt. Since its inception, Pyrenees Investments has
raised more than $30 million in growth and expansion capital for
micro-cap companies.
About Dominovas Energy Corporation (OTCQB:
DNRG)
Founded in 2005, Dominovas Energy Corporation (DEC) is a
publicly traded company, based in Nevada. With its operating
headquarters in Atlanta, Georgia, USA, Dominovas Energy Corporation
is a leading power solutions provider to emerging markets around
the world. DEC employs its proprietary RUBICON™ Solid Oxide Fuel
Cell (SOFC) technology for deployment in multi-megawatt power
generation units worldwide. The worldwide pursuit of clean and
efficient production of electricity via Solid Oxide Fuel Cell
technology inspired its founders to create an "energy solutions"
company. Recognizing that "green" and "alternative energy" markets
offer immense potential for growth, Dominovas Energy is
aggressively moving to allocate its intellectual and financial
capital forthwith, in order to strategically address a green energy
solution that is 100% reliable, efficient, and measurably cleaner
than GenSets and CCGT. By manufacturing and deploying the RUBICON™
throughout of the world, Dominovas Energy is committed to creating
shareholder value by not only generating guaranteed revenue
streams, but also by increasing the value of "human and community
capital." Devoted to core values by operating under the utmost of
honesty and integrity in all its business transactions, Dominovas
Energy is additionally dedicated to respecting the rights of all
individuals, while acknowledging and respecting all cultures
necessary to support the growth and development of the communities
and countries in which it operates. The Company strongly believes
in the impact this singularly advanced technology will make on the
world and is resolute in its mission to provide electricity where
and when economically viable. For more information, visit www.dominovasenergy.com.
Forward-Looking Statements
This press release, as well as other statements made by
Dominovas Energy Corporation (the "Company"), contain
forward-looking statements that reflect, when made, the Company's
current views with respect to current events and financial
performance. Such forward-looking statements are subject to many
risks, uncertainties and factors relating to the Company's
operations and business environment, which may cause the actual
results of the Company to be materially different from any future
results. All statements that address future operating, financial or
business performance or the Company's strategies or expectations
are forward-looking statements. Factors that could cause actual
results to differ materially from these forward-looking statements
as is applicable would be discussed under captions as follows:
"Risk Factors" and "Management's Discussion and Analysis of
Financial Condition and Results of Operations" in the Company's
filings as would be filed with the Securities and Exchange
Commission as required. New risks and uncertainties arise from time
to time, and it is impossible for us to predict these events or how
they may affect the Company. It should be remembered that the price
of the ordinary shares and any income from them can go down as well
as up. The Company disclaims any intention or obligation to update
or revise any forward-looking statements, whether as a result of
new information, future events and/or otherwise, except as may be
required by law.
Media and Investor Contact:
For addition IR or funding questions please email ir@dominovasenergy.com
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