ATLANTA, GA (May 24, 2016) – Dominovas Energy Corporation (OTCQB: DNRG) today announces the appointment of Mr. Mansur Nuruddin, Esq. as advisor, as well as the engagement of his Johannesburg-based firm, MNCapital Africa Advisors (www.mncapital-africa.com). Mr. Nuruddin will assume responsibility for Dominovas Energy’s capital raising, project financing, capital markets, and advisory activities, as well as advising the Company on specific issues relating to corporate governance, corporate finance, and investor relations. Mr. Nuruddin will report to Neal Allen, chairman and chief executive officer of Dominovas Energy.
“We are thrilled to welcome Mansur to Dominovas Energy, where his deep insight and knowledge of our industry, along with his unique investor perspective, makes him an invaluable addition to the team as we execute our project financing and continue with our commitment to deliver shareholder value,” says Allen.
Mr. Nuruddin is an international finance guru with over 15 years of experience in complex corporate transactions, a background that provides him the unique experience of working on four continents: North America, Europe, Asia and now Africa. He began his legal career with the Wall Street law firm of Cravath, Swaine & Moore LLP, where he spent nearly seven years between Cravath’s New York and London offices. He has also worked for Herbert Smith in Hong Kong and Bowman Gilfillan in South Africa. Prior to co-founding MN Capital Africa Advisors, he was the managing partner of Nuruddin & Associates — a boutique legal and financial advisory firm.
Michael Watkins, Dominovas Energy’s COO, states, “Bringing Mansur on board is one of several strategic steps we will take this year to expand upon the aggressive growth we’re currently experiencing within our IPP and PPA pipeline, both in our fuel cell division and within our newly minted hydro division, CURRENTERGY. We believe Mansur will benefit from Dominovas Energy’s already strong immersion in Africa’s frontier markets; and this immersion will serve to complement his exemplary combination of business judgment, proven track record of financing energy projects, professional skills and integrity.”
Over the years, Mr. Nuruddin has had the opportunity to work on a broad range of energy-related corporate transactions, including leveraged buyouts, private equity transactions, public and private mergers and acquisitions, securitizations, initial public offerings, secondary offerings, public and private bond offerings, private placements and joint ventures. He has worked on public and private placements in Europe, the United States, Asia and Africa, and has an in-depth understanding of the security law requirements for capital raising in numerous jurisdictions.
Mr. Nuruddin says, “It is an honor to join Dominovas Energy, a company I have long-admired for its leadership. I applaud its engagement of frontier markets in Africa which requires vision, exceptional relationship assets, along with strong energy sector operational expertise and reputation. Dominovas Energy’s unique perspective and approach relative to providing electricity to the over 600 million sub-Saharan Africans, as well as its ‘Best of Class’ OEM partners, strongly positions the Company as a premier energy solutions firm.
“I look forward to working with management and, thereby, serving Dominovas Energy’s shareholders. Dominovas Energy has strong institutional financial relationships in place, and my firm and I are well-positioned to quarterback the Company’s commitment to delivering timely project finance and enhancing shareholder value through profitable growth and a disciplined and sustainable financial approach.”
Mr. Nuruddin is Ivy League educated, having received his BA with honors from Columbia University in New York City, where he was the recipient of the Kluge Fellowship. He holds a Master’s Degree in Telecommunications from New York University, where he received the NSEP Graduate Enhancement Fellowship and the ITP Academic Excellence Award. He received his Juris Doctorate from New York University School of Law, where he was the recipient of the Dean’s Scholarship. Mr. Nuruddin is admitted to the Bar in the State of New York, and is a member of the New York Bar Association; the American Bar Association; the Asia-Pacific Bar Association; and the International Bar Association.
About MNCapital Africa Advisors
MNCapital Africa Advisors (“MNCAA”) is an African-focused financial advisory firm offering corporate advisory, capital raising and market entry services.
Partners of the firm are based throughout Africa, including Ghana, Nigeria, South Africa, Tanzania and Zimbabwe and in key financial centers globally: Dubai, London, Paris, New York and Singapore. This world-class interdisciplinary team includes lawyers, bankers, business analysts, certified accountants, and marketing professionals, covering a range of industries, from infrastructure, telecoms & media, mining and oil & gas, retail & consumer, agriculture, manufacturing, and financial services.
MNCAA’s capital raising services are backed by strong relationships with key decision-makers in Africa-focused private equity firms and DFIs, sovereign wealth funds, and numerous family offices, HNWIs and strategic investors.
For more information, visit www.mncapital-africa.com.
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.
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.