DynaMotive Pursues Less Dilutive Financing Alternative.VANCOUVER, British Columbia British Columbia, province (2001 pop. 3,907,738), 366,255 sq mi (948,600 sq km), including 6,976 sq mi (18,068 sq km) of water surface, W Canada. Geography -- DynaMotive Energy Systems Corporation (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :DYMTF) announces that it will not be pursuing the financing initiative by way of preferred shares Preferred shares Preferred shares give investors a fixed dividend from the company's earnings and entitle them to be paid before common shareholders. See: Preferred stock. in respect of which negotiations were previously announced. A less dilutive financing for a smaller amount is currently under negotiation with other capital sources. DynaMotive has sufficient working capital for its near-term needs and will seek to conclude financing arrangements which are not excessively dilutive to shareholders given that the Company wishes to take advantage of the success of its first commercial plant and other commercial developments. About DynaMotive DynaMotive is an energy systems company focused on the development of innovative energy solutions based on its patented fast pyrolysis py·rol·y·sis n. Decomposition or transformation of a chemical compound caused by heat. pyrolysis (pīrol´isis), n system. Through the application of fast pyrolysis, DynaMotive unlocks the natural energy found in the world's abundant organic resources created by the agricultural and forest industries. DynaMotive's technology economically converts biomass into a renewable, environmentally friendly Environmentally friendly, also referred to as nature friendly, is a term used to refer to goods and services considered to inflict minimal harm on the environment.[1] fuel. DynaMotive has successfully demonstrated conversion of these residues into fuel known as BioOil, as well as char. Forward Looking Statement Statements in this news release concerning the company's business outlook, future economic performance; partnerships and collaborations as well as financial items and other like statements concerning assumptions made or expectations as to any future events, conditions, performance or other matters, are "forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. " as that term is defined under the Federal Securities Laws. Forward-looking statements are subject to risks, uncertainties and other factors which could cause actual results to differ materially from those stored in such statements. Such risks, uncertainties and factors include, but are not limited to: disappointing plant production at a rate or of a quality which falls significantly below expectations and results in a material shortfall Shortfall The amount by which the capital required to fulfill a financial obligation exceeds available capital. Notes: Shortfall risk is often combated with an efficient hedging strategy created by a fund, group, institution, or individual. from the expected economic value, changes and delays in product development plans and schedules, customer acceptance of new products, changes in pricing or other actions by competitors, patents owned by the Company and its competitors, and general economic conditions, as well as other risks detailed in the Company's filings with the Securities and Exchange Commission. |
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