Dominovas Energy Corporation (OTCQB:DNRG) reports that the U.S. Securities and Exchange Commission approved the S-1 Registration related to GHS Capital’s commitment to invest a maximum of $7.5 million into the company, following the Investment Agreement dated November 15, 2015.
According to the press release:
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.”
Click here to read the full press release.
