Dominovas Energy Corp. (fka DNRG)

[sylvanemperor]

If the private placement is for 100 million shares, the average price for them to meet their goal of around $10 million dollars is $0.10 per share, right? Comments?

http://www.investorwired.com/penny-stocks-in-queue-america-resources-exploration-incaren-dominovas-dnrg-anavex-life-sciences-avxl-solarwindow-technologieswndw/1749682

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From:
http://www.investopedia.com/ask/answers/052815/how-does-private-placement-affect-share-price.asp

"However, if the motivation for the private placement was a circumstance in which the company saw an outstanding opportunity for rapid growth that simply required additional financing, then the eventual extra profits realized from the company's expansion may push its stock price substantially higher. Another possible motivation for doing a private placement can be that the company cannot attract large numbers of institutional or retail investors because the company's market sector is currently considered unattractive or because there are few analysts covering, and thereby publicizing, the company."