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 October 10, 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
-----------------------
October 9, 2007
Item 3 News Release
------------
Issued October 9, 2007 and disseminated via Business Wire.
Item 4 Summary of Material Change
--------------------------
VANCOUVER, BC, CANADA, October 9, 2007 - Dynamotive Energy Systems
Corporation (OTCBB: DYMTF), a leader in biomass-to-biofuel technology,
announced today that it has completed a $10.5 million equity financing
with Quercus Trust, an environmentally-oriented fund, and several other
private investors. Ardour Capital Inc. of New York served as financial
advisor in the transaction.
Under terms of the transaction, Quercus Trust invested $10
million and other private investors $500,000 to acquire 11.4
million shares of Dynamotive common stock at $0.9215 per share.
They also received five-year warrants, with three-year anti-
dilution rights, for up to a total of 4.56 million additional
shares at $1.06 per share. The shares are restricted securities
under the Securities Act of 1933 and were sold pursuant to applicable
exemptions.
Item 5 Full Description of Material Change
-----------------------------------
5.1 Full Description of Material Change
VANCOUVER, BC, CANADA, October 9, 2007 - Dynamotive Energy
Systems Corporation (OTCBB: DYMTF), a leader in biomass-to-
biofuel technology, announced today that it has completed a $10.5
million equity financing with Quercus Trust, an environmentally-
oriented fund, and several other private investors. Ardour
Capital Inc. of New York served as financial advisor in the
transaction.
Under terms of the transaction, Quercus Trust invested $10 million and
other private investors $500,000 to acquire 11.4 million shares of
Dynamotive common stock at $0.9215 per share. They also received five-
year warrants, with three-year anti-dilution rights, for up to a total
of 4.56 million additional shares at $1.06 per share. The shares are
restricted securities under the Securities Act of 1933 and were sold
pursuant to applicable exemptions.
"The Quercus funding comes at an important time for Dynamotive," said
Andrew Kingston, president and chief executive officer, "as this
significant cash investment by a sophisticated, alternative-energy-
oriented investor provides additional working capital to help speed our
progress on major activities currently under way."
"This capital infusion," Mr. Kingston continued, "allows us to
concentrate on growing the company, investing in new project
initiatives, and accelerating our market penetration in the U.S. and in
Europe, where we are developing further projects.
Mr. Kingston noted that the company has two BioOil(R) biofuel plants in
Canada, one of which is now ramping up production, and the other is
nearing completion of an upgrade. The company is also working to
finalize plans for two major biomass-to-electricity complexes in Latin
America.
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
--------------
October 9, 2007
DYNAMOTIVE ENERGY SYSTEMS CORPORATION
(signed) "Andrew Kingston"
----------------
Andrew Kingston
President & CEO
DYNAMOTIVE ENERGY SYSTEMS CORPORATION News Release: October 9, 2007
QUERCUS MAKES $10 MILLION EQUITY INVESTMENT IN DYNAMOTIVE
VANCOUVER, BC, CANADA, October 9, 2007 - Dynamotive Energy Systems
Corporation (OTCBB: DYMTF), a leader in biomass-to-biofuel technology,
announced today that it has completed a $10.5 million equity financing with
Quercus Trust, an environmentally-oriented fund, and several other private
investors. Ardour Capital Inc. of New York served as financial advisor in
the transaction.
Under terms of the transaction, Quercus Trust invested $10 million and
other private investors $500,000 to acquire 11.4 million shares of
Dynamotive common stock at $0.9215 per share. They also received five-year
warrants, with three-year anti-dilution rights, for up to a total of 4.56
million additional shares at $1.06 per share. The shares are restricted
securities under the Securities Act of 1933 and were sold pursuant to
applicable exemptions.
"The Quercus funding comes at an important time for Dynamotive," said
Andrew Kingston, president and chief executive officer, "as this
significant cash investment by a sophisticated, alternative-energy-oriented
investor provides additional working capital to help speed our progress on
major activities currently under way."
"This capital infusion," Mr. Kingston continued, "allows us to concentrate
on growing the company, investing in new project initiatives, and
accelerating our market penetration in the U.S. and in Europe, where we are
developing further projects.
Mr. Kingston noted that the company has two BioOil(R) biofuel plants in
Canada, one of which is now ramping up production, and the other is nearing
completion of an upgrade. The company is also working to finalize plans for
two major biomass-to-electricity complexes in Latin America.
About BioOil(R) Biofuel
BioOil(R) is an industrial fuel produced from cellulose waste
material. When combusted it produces substantially less smog-
precursor nitrogen oxides ('NOx') emissions than conventional oil as well
as little or no sulfur oxide gases ('SOx'), which are a prime cause of acid
rain. BioOil(R) and BioOil Plus(TM) are price-competitive replacements for
heating oils #2 and #6 that are widely used in industrial boilers and
furnaces. They have been EcoLogo certified, having met stringent
environmental criteria for industrial fuels as measured by Environment
Canada's Environmental Choice Program. BioOil(R) can be produced from a
variety of residue cellulosic biomass resources and is not dependent on
food-crop production.
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. For further
information, please visit 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.