Dominovas Energy Corp. (DNRG) Announces Financing
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Posted On: 07/27/2015 6:09:55 PM
Dominovas Energy Corp. (DNRG) Announces Financing Agreement
Dominovas Energy, an energy-solutions company headquartered in Atlanta, GA, today reported that it has selected Pyrenees Investments, LLC to be its 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 plans 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.”
For more information, visit the company’s website at www.dominovasenergy.com
Please see disclaimer on the QualityStocks website: http://Disclaimer.QualityStocks.com
Dominovas Energy, an energy-solutions company headquartered in Atlanta, GA, today reported that it has selected Pyrenees Investments, LLC to be its 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 plans 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.”
For more information, visit the company’s website at www.dominovasenergy.com
Please see disclaimer on the QualityStocks website: http://Disclaimer.QualityStocks.com
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