$2mm raise Alter NRG Corp.: News Release
CALGARY, ALBERTA--(Marketwire - June 28, 2012) -
Alter NRG Corp. (TSX:NRG) (OTCQX:ANRGF) ("Alter NRG" or the "Corporation") announced today that it has undertaken a marketed offering of approximately 7,500,000 common shares of the Corporation ("Common Shares") (the "Offering") at a price per share of
.29, for total proceeds of approximately $2,175,000. The Offering is being led by Fraser Mackenzie Limited. The Offering is to be effected in each of the provinces of Canada, except Québec, by way of a prospectus supplement to Alter NRG's base shelf prospectus dated June 28, 2011. Prior to the Offering, Alter NRG has 62,165,533 common shares issued and outstanding.
This transaction is scheduled to close on or about July 10, 2012, subject to satisfaction of customary closing conditions, including the receipt of all necessary regulatory approvals, including the approval of the Toronto Stock Exchange.
ABOUT ALTER NRG
Alter NRG provides alternative energy solutions to meet the growing demand for environmentally responsible and economically viable energy in world markets. Alter NRG's primary objective is to further commercialize the Westinghouse Plasma Gasification Technology, through its wholly owned subsidiary, to provide renewable and clean energy solutions from a wide variety of feedstocks, and the syngas created can provide a wide variety of energy outputs - including liquid fuels like ethanol and diesel, electrical power, heat, steam, or replacing fuel oil.