Dominovas Energy Corporation (OTCPK:DNRG) announced that it has entered into an investment agreement for private placement of common shares for gross proceeds of up to $7,500,000 on November 12, 2015. The equity line transaction will include participation from GHS Investments, LLC. The purchase price of each share will be equal to 80% of the lowest volume weighted price of the company's common stock for the 5 consecutive trading days prior to the delivery of the notice to the investor.

The company will deliver written notice to investor and investor will be obligated to purchase shares of the company's common stock based on the investment amount specified in each notice. The investor shall invest up from time to time over the course of 36 months. The maximum amount that the investor shall be entitled to receive in notice will be equal to twice the average of the daily trading volume of the company's common stock during the five trading days preceding the notice.

Pursuant to the investment agreement, the investor and its affiliates will not be permitted to purchase the company's common shares that would result in beneficial ownership equaling more than 9.99% of the company's outstanding common stock. No notice will be made by the company in an amount lower than $50,000 or greater than $1,500,000, unless otherwise agreed to by the investor in writing. The company will issue securities pursuant to exemption provided under Regulation D. No brokers, finders or financial advisory fees or commissions will be payable by the company, its agents or subsidiaries, with respect to the transaction.