FORM 6-K
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 or 15d-16 OF
THE SECURITIES EXCHANGE ACT OF 1934
FOR June 30, 2008
DYNAMOTIVE ENERGY SYSTEMS CORPORATION
(Exact name of Registrant as specified in its charter)
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Suite 230-1700 West 75th Avenue
Vancouver, BC
Canada V6P 6G2
(604) 267-6000
(Address of principal executive offices)
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[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
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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
-----------------------
June 30, 2008
Item 3 News Release
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Issued June 30, 2008 and disseminated via Business Wire.
Item 4 Summary of Material Change
--------------------------
Vancouver, B.C. - Dynamotive Energy Systems Corporation (OTCBB:DYMTF) held
its Annual General Meeting on June 23, 2008 in Vancouver, BC. The 117
shareholders voted by proxy and in person representing 108,132,005 shares or
51.59% of the 209,582,503 shares issued and outstanding. This being a record
turnout, more than tripling the previous turnout of 31,183,974 million shares
voted in 2007.
The shareholders of the company approved all of the motions proposed. The
slate of Directors proposed was approved without any changes as was the
reappointment of BDO Dunwoody as the firm's auditors for the 2008 fiscal
year. The slate of directors received in excess of 98.6 percent (98.6 to
99.7 pct) favorable votes by the shareholders with no votes against.
Item 5 Full Description of Material Change
-----------------------------------
5.1 Full Description of Material Change
Vancouver, B.C. - Dynamotive Energy Systems Corporation (OTCBB:DYMTF) held
its Annual General Meeting on June 23, 2008 in Vancouver, BC. The 117
shareholders voted by proxy and in person representing 108,132,005 shares or
51.59% of the 209,582,503 shares issued and outstanding. This being a record
turnout, more than tripling the previous turnout of 31,183,974 million shares
voted in 2007.
The shareholders of the company approved all of the motions proposed. The
slate of Directors proposed was approved without any changes as was the
reappointment of BDO Dunwoody as the firm's auditors for the 2008 fiscal
year. The slate of directors received in excess of 98.6 percent (98.6 to
99.7 pct) favorable votes by the shareholders with no votes against.
Highlights from the address to shareholders by President and CEO, Andrew
Kingston:
- -Following the fire at West Lorne, which caused about $500,000 in equipment
damage, the Company's engineering team has worked diligently in establishing
the root cause and the needed remedial action to be taken . Having
established the root cause, minor modifications were made at Guelph. These
modifications were tested at the plant during a production run held last
week. The reactor and equipment was then inspected to assess the validity of
the modifications. The analysis is ongoing, but management is confident that
the solutions developed are sound. Based on final assessment, both plants
are expected to be ready for operations in July. The Company has commitments
for delivery of BioOil to clients in July and beyond and is confident that it
will meet its obligations.
- -The Company's efforts in the past months have also focused on the
development of sales of BioOil and BioChar to clients locally and
internationally. The output of West Lorne is substantially committed (BioOil,
BioChar and electricity) and detailed negotiations are taking place in the US
and Canada for placing the output of Guelph. Strong fuel prices and
environmental mandates are being introduced and will make our proposition
attractive to users.
- -The Company continues its project development work and is confident that
once the plants are back in operation, it will be in a position to advance
with its project plans in the US, Europe and Asia. Further, the Company is
in final stages of negotiation for the fabrication of plants in Europe with a
well established firm. Once completed, the Company will be in a strong
position to service its project pipeline in the region. Similar arrangements
are being discussed in the US and in Asia.
- -The Company continues its research into BioOil upgrading and will be
publishing further results in the third quarter. Initial testing has been
very promising and we believe we can create a wider market for upgraded
BioOil as an input to refineries. Our Waterloo lab is working on a number of
paths that could prove commercially viable.
- -We continue our development and commercialization work with BioChar. We have
shipped BioChar to various agricultural users and nurseries as well as
supporting studies in the US and Canada. BioChar as a soil enhancer can
potentially reduce the amount of fertilizer and water use as well as enhance
crop yields and be a very efficient carbon sequestration method.
- -Dynamotive remains well positioned to become a leader in the non-foodstuff
biofuel and by-product industry. We have two plants that are built and ready
to restart operations, a market that is looking for alternatives and is
pricing the alternatives favorably. Most importantly, a market that is
looking for alternatives that do not compete with food sources and for land
use.
The company looks forward to the coming year and would like to thank the
shareholders for their strong show of support.
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
--------------
June 30, 2008
DYNAMOTIVE ENERGY SYSTEMS CORPORATION
(signed) "Andrew Kingston"
---------------
Andrew Kingston
President & CEO
DYNAMOTIVE ENERGY SYSTEMS CORPORATION News Release: June 30, 2008
Dynamotive Energy Systems 2008 Annual General Meeting
Vancouver, B.C. - Dynamotive Energy Systems Corporation (OTCBB:DYMTF) held
its Annual General Meeting on June 23, 2008 in Vancouver, BC. The 117
shareholders voted by proxy and in person representing 108,132,005 shares or
51.59% of the 209,582,503 shares issued and outstanding. This being a record
turnout, more than tripling the previous turnout of 31,183,974 million shares
voted in 2007.
The shareholders of the company approved all of the motions proposed. The
slate of Directors proposed was approved without any changes as was the
reappointment of BDO Dunwoody as the firm's auditors for the 2008 fiscal
year. The slate of directors received in excess of 98.6 percent (98.6 to
99.7 pct) favorable votes by the shareholders with no votes against.
Highlights from the address to shareholders by President and CEO, Andrew
Kingston:
- -Following the fire at West Lorne, which caused about $500,000 in equipment
damage, the Company's engineering team has worked diligently in establishing
the root cause and the needed remedial action to be taken . Having
established the root cause, minor modifications were made at Guelph. These
modifications were tested at the plant during a production run held last
week. The reactor and equipment was then inspected to assess the validity of
the modifications. The analysis is ongoing, but management is confident that
the solutions developed are sound. Based on final assessment, both plants
are expected to be ready for operations in July. The Company has commitments
for delivery of BioOil to clients in July and beyond and is confident that it
will meet its obligations.
- -The Company's efforts in the past months have also focused on the development
of sales of BioOil and BioChar to clients locally and internationally. The
output of West Lorne is substantially committed (BioOil, BioChar and
electricity) and detailed negotiations are taking place in the US and Canada
for placing the output of Guelph. Strong fuel prices and environmental
mandates are being introduced and will make our proposition attractive to
users.
- -The Company continues its project development work and is confident that
once the plants are back in operation, it will be in a position to advance
with its project plans in the US, Europe and Asia. Further, the Company is
in final stages of negotiation for the fabrication of plants in Europe with a
well established firm. Once completed, the Company will be in a strong
position to service its project pipeline in the region. Similar arrangements
are being discussed in the US and in Asia.
- -The Company continues its research into BioOil upgrading and will be
publishing further results in the third quarter. Initial testing has been
very promising and we believe we can create a wider market for upgraded
BioOil as an input to refineries. Our Waterloo lab is working on a number of
paths that could prove commercially viable.
- -We continue our development and commercialization work with BioChar. We have
shipped BioChar to various agricultural users and nurseries as well as
supporting studies in the US and Canada. BioChar as a soil enhancer can
potentially reduce the amount of fertilizer and water use as well as enhance
crop yields and be a very efficient carbon sequestration method.
- -Dynamotive remains well positioned to become a leader in the non-foodstuff
biofuel and by-product industry. We have two plants that are built and ready
to restart operations, a market that is looking for alternatives and is
pricing the alternatives favorably. Most importantly, a market that is
looking for alternatives that do not compete with food sources and for land
use.
The company looks forward to the coming year and would like to thank the
shareholders for their strong show of support.
About Dynamotive
Dynamotive Energy Systems Corporation is an energy solutions provider
headquartered in Vancouver, Canada, with offices in the USA and Argentina.
Its carbon/greenhouse gas neutral fast pyrolysis technology uses medium
temperatures and oxygen-less conditions to turn dry, waste cellulosic biomass
into BioOil for power and heat generation. BioOil can be further converted
into vehicle fuels and chemicals. Photographs of the Guelph and West Lorne
plants may be seen on the company's website. www.dynamotive.com
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.
Contacts:
Nathan Neumer, Director of 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.