ATLANTA, GA--(Marketwired - Jan 21, 2016) - Dominovas Energy Corporation (OTCQB: DNRG) announces that the U.S. Securities and Exchange Commission approved the S-1 Registration associated with GHS Capital's commitment to invest up to $7.5 million into the Company, pursuant to the Investment Agreement dated November 15, 2015.
Subsequent to the original S-1 Registration filing on December 24, 2015, the SEC granted the S-1 Registration an "accelerated" effective date of January 15, 2016.
"Separate and distinct from the US$1.2 billion in project finance capital commitment Dominovas Energy secured through Graecrest Energy Solutions to fund the initial phase of RUBICON™ SOFC system deployments in the Democratic Republic of the Congo (DRC), the US$7.5 million as facilitated by the S-1 provides Dominovas Energy with immediate access to working capital which will be used in support of daily operations and targeted business development activities," acknowledged Eric Fresh, Dominovas Energy's Senior Vice President of Finance and Investments. "With pools of capital in place for both operations and project deployments, Dominovas Energy is poised to continue its march toward cementing itself as one of the most dynamic and innovative energy solutions companies in the world. As such, the Company maintains an unwavering focus on providing clean and reliable baseload power support to global frontier markets via its proprietary RUBICON™ SOFC system."
About GHS Capital
Based in Nevada, GHS Capital is a private fund focused on emerging technologies in the small-cap public markets.
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. Additionally, unlike wind and solar solutions the RUBICON provides baseload power 24/7/365 days a year. 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.
