FORM 6-K
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
-----------------
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 or 15d-16 OF
THE SECURITIES EXCHANGE ACT OF 1934
FOR August 3, 2007
DYNAMOTIVE ENERGY SYSTEMS CORPORATION
(Exact name of Registrant as specified in its charter)
-----------------
Suite 230-1700 West 75th Avenue
Vancouver, BC
Canada V6P 6G2
(604) 267-6000
(Address of principal executive offices)
-----------------
[Indicate by check mark whether the registrant files or will file
annual reports under cover Form 20-F or Form 40-F:]
FORM 20-F X FORM 40-F
--- ---
[Indicate by check mark whether the registrant by furnishing the
information contained in this form is also thereby furnishing the
information to the Commission pursuant to rule 12g3-2(b) under the
Securities Exchange Act of 1934.]
YES NO X
--- ---
[If Yes is marked, indicate below the file number assigned to
the registrant in connection with Rule 12g3-2(b):] Not applicable
FORM 51-102F3
MATERIAL CHANGE REPORT
Item 1 Name and Address of Company
---------------------------
DynaMotive Energy Systems Corporation (the "Issuer")
230-1700 West 75th Avenue
Vancouver, BC V6P 6G2
Tel. (604) 267-6013
Item 2 Date of Material Change
-----------------------
August 2, 2007
Item 3 News Release
------------
Issued August 2, 2007 and disseminated via Business Wire.
Item 4 Summary of Material Change
--------------------------
VANCOUVER, BC, Canada, August 2, 2007 - Dynamotive Energy Systems
Corporation (OTCBB:DYMTF) and Consensus ("Consensus") announced today
the appointment of Mr. Wayne Keast, Chief Executive, Consensus
Environment, to Dynamotive's Board of Directors concurrently with the
conversion of Consensus's 49% equity ownership in Dynamotive Biomass
Resource Corporation, a subsidiary of Dynamotive, into ownership of
common shares of Dynamotive. The move signals a strengthening of the
relationship between the Companies and the desire by Consensus to take a
more active role in the development of Dynamotive. The conversion of
Consensus's ownership in the biomass joint venture into common shares in
the parent Company was agreed given the potential for conflict of
interest in this activity and allows for the assets to be developed
under the Dynamotive parent Company umbrella.
Item 5 Full Description of Material Change
-----------------------------------
5 1 Full Description of Material Change
VANCOUVER, BC, Canada, August 2, 2007 - Dynamotive Energy Systems
Corporation (OTCBB:DYMTF) and Consensus ("Consensus") announced today
the appointment of Mr. Wayne Keast, Chief Executive, Consensus
Environment, to Dynamotive's Board of Directors concurrently with the
conversion of Consensus's 49% equity ownership in Dynamotive Biomass
Resource Corporation, a subsidiary of Dynamotive, into ownership of
common shares of Dynamotive.
The move signals a strengthening of the relationship between the
Companies and the desire by Consensus to take a more active role in the
development of Dynamotive.
The conversion of Consensus's ownership in the biomass joint venture
into common shares in the parent Company was agreed given the potential
for conflict of interest in this activity and allows for the assets to
be developed under the Dynamotive parent Company umbrella.
The biomass development company was set up to develop biomass resources
worldwide and has current projects under development in EU, Canada, US
and Latin America. Under the agreement, $2,000,000 invested by Consensus
would be converted to Dynamotive's common restricted stock at US $1 per
share (market at the time of agreement). The subsidiary has cash of
$1.4 million, holds certain project development rights and has a
$330,000 convertible loan receivable related to operations in the
Ukraine with Rika BioFuels.
Commenting on the appointment of a Director to Dynamotive's Board, Mr.
Vincent Tchenguiz, Chairman of Consensus, said, "We have long been a
supporter of Dynamotive financially and strategically and have seen the
Company grow to the stage where our considerable reach, resources and
financial know-how can make a significant difference in the Company's
future. Consensus know-how can be pivotal in leveraging Dynamotive's
potential. I would like to congratulate Dynamotive for their
achievements to date and, in particular, Mr. Kingston whose vision and
commitment has allowed the Company to reach this stage."
"Mr. Wayne Keast brings considerable experience and know-how and is a
key member of Consensus; by appointing him to Dynamotive's Board we will
ensure seamless cooperation between the Companies. I also believe that
converting our ownership in Dynamotive Biomass Resource Corporation into
ownership into the parent Company is the right move given our close
involvement in Dynamotive."
Mr. Richard Lin, Chairman of Dynamotive, welcomed the appointment of Mr.
Wayne Keast to Dynamotive's Board and thanked Mr. Vincent Tchenguiz for
his support of the Company. Mr. Lin added, "Consensus has been a strong
supporter of Dynamotive and has seen the Company grow steadily over the
years to the point where its market potential reached the threshold for
closer involvement. We appreciate the forward outlook and vision of Mr.
Vincent Tchenguiz and his organization. I welcome the appointment of
Mr. Keast to our Board and look forward to working with him at Board
level."
5.2 Disclosure for Restructuring Transactions
N/A
Item 6 Reliance on Subsection 7.1(2) or (3) of National Instrument 51-102
------------------------------------------------------------------
Not applicable
Item 7 Omitted Information
-------------------
Not applicable
Item 8 Executive Officer
-----------------
Contact: Andrew Kingston, President & CEO
Telephone: (604) 267-6013
Item 9 Date of Report
--------------
August 2, 2007
DYNAMOTIVE ENERGY SYSTEMS CORPORATION
(signed) "Andrew Kingston"
---------------
Andrew Kingston
President & CEO
DYNAMOTIVE ENERGY SYSTEMS CORPORATION News Release: August 2, 2007
Consensus Appoints Director to Dynamotive's Board
Converts Ownership in Biomass Company to Common Shares of Dynamotive
"Consensus know-how and market reach can make a significant difference in the
Company's future", says Vincent Tchenguiz, Chairman of Consensus
VANCOUVER, BC, Canada, August 2, 2007 - Dynamotive Energy Systems
Corporation (OTCBB:DYMTF) and Consensus ("Consensus") announced today
the appointment of Mr. Wayne Keast, Chief Executive, Consensus
Environment, to Dynamotive's Board of Directors concurrently with the
conversion of Consensus's 49% equity ownership in Dynamotive Biomass
Resource Corporation, a subsidiary of Dynamotive, into ownership of
common shares of Dynamotive.
The move signals a strengthening of the relationship between the
Companies and the desire by Consensus to take a more active role in the
development of Dynamotive.
The conversion of Consensus's ownership in the biomass joint venture
into common shares in the parent Company was agreed given the potential
for conflict of interest in this activity and allows for the assets to
be developed under the Dynamotive parent Company umbrella.
The biomass development company was set up to develop biomass resources
worldwide and has current projects under development in EU, Canada, US
and Latin America. Under the agreement, $2,000,000 invested by Consensus
would be converted to Dynamotive's common restricted stock at US $1 per
share (market at the time of agreement). The subsidiary has cash of
$1.4 million, holds certain project development rights and has a
$330,000 convertible loan receivable related to operations in the
Ukraine with Rika BioFuels.
Commenting on the appointment of a Director to Dynamotive's Board, Mr.
Vincent Tchenguiz, Chairman of Consensus, said, "We have long been a
supporter of Dynamotive financially and strategically and have seen the
Company grow to the stage where our considerable reach, resources and
financial know-how can make a significant difference in the Company's
future. Consensus know-how can be pivotal in leveraging Dynamotive's
potential. I would like to congratulate Dynamotive for their
achievements to date and, in particular, Mr. Kingston whose vision and
commitment has allowed the Company to reach this stage."
"Mr. Wayne Keast brings considerable experience and know-how and is a
key member of Consensus; by appointing him to Dynamotive's Board we will
ensure seamless cooperation between the Companies. I also believe that
converting our ownership in Dynamotive Biomass Resource Corporation into
ownership into the parent Company is the right move given our close
involvement in Dynamotive."
Mr. Richard Lin, Chairman of Dynamotive, welcomed the appointment of Mr.
Wayne Keast to Dynamotive's Board and thanked Mr. Vincent Tchenguiz for
his support of the Company. Mr. Lin added, "Consensus has been a strong
supporter of Dynamotive and has seen the Company grow steadily over the
years to the point where its market potential reached the threshold for
closer involvement. We appreciate the forward outlook and vision of Mr.
Vincent Tchenguiz and his organization. I welcome the appointment of
Mr. Keast to our Board and look forward to working with him at Board
level."
About Consensus
Consensus is a multi-faceted principal investor in a broad range of
synergistic activities, including structured finance, the acquisition,
management and development of commercial/residential real estate and high
tech start-ups.
Consensus has significant shareholdings in property and property-related
companies. It is now one of the UK's largest private property companies,
with a GBP 4 billion commercial property portfolio. The Group is also the
owner/manager of some 250,000 residential freeholds throughout the UK, making
it one of the largest owners of residential properties in the UK.
The key area of growth for Consensus is its technology investment programme
in companies and specialised funds, currently in excess of $500m and
increasing by $250m per year. Coupled with a substantial business
development network, it provides Consensus with an unparalleled level of
access to new technologies, new industry models and economic acceleration
resources.
www.consensusbusiness.com
Contact:
Sean Bellew
Tel: +44 (0) 7973 234 040
Email: S.Bellew@cbg.uk.com
About Dynamotive
Dynamotive Energy Systems Corporation is an energy solutions provider
headquartered in Vancouver, Canada, with offices in the USA, UK and
Argentina. Its carbon/greenhouse-gas-neutral fast pyrolysis technology uses
medium temperatures and oxygen-free conditions to turn dry, waste cellulosic
biomass into BioOil(R) for power and heat generation. BioOil(R) can be further
converted into vehicle fuels and chemicals. The final stages of the
commissioning process at the Guelph plant and the reconstruction of the West
Lorne plant may be seen by viewing photographs regularly posted on the
company's website at www.dynamotive.com
Contacts:
Nathan Neumer, Director, Communications, 604-267-6042
Switchboard (604) 267-6000
Toll Free (North America) 1-877-863-2268
Fax (604) 267-6005
Email: info@dynamotive.com
Website: www.dynamotive.com
Forward Looking Statement
Statements in this news release concerning the company's business outlook or
future economic performance; including the anticipation of future plant start-
ups, partnerships, consortiums, teaming agreements, government assistance,
other anticipated cash receipts, revenues, expenses, or other financial items;
and statements concerning assumptions made or expectations as to any future
events, conditions, performance or other matters, are "forward-looking
statements". Forward-looking statements are by their nature 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, changes in energy prices,
availability of capital, and the Company's ability to access capital on
acceptable terms or any terms at all, changes and delays in project
development plans and schedules, customer and partner acceptance of new
projects, changes in input pricing, competing alternative energy
technologies, government policies and general economic conditions. These
risks are generally outlined in the Company's disclosure filings with the
Securities and Exchange Commission.