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Astra Energy Inc ASRE

Utilities Utilities - Independent Power Producers
Astra Energy, Inc. is an integrated solutions provider investing in and developing clean and renewable energy projects in markets where demand is high, supply is limited and there is an opportunity to address other imminent market needs. The Company is an emerging company in the waste management industry and the electricity and power generation sectors with a focus on energy production from solar, waste conversion and clean burning fuels. The Company is engaged in the acquisition and development of technology in the waste-to-energy project sector. It has a portfolio of intellectual property and global licenses for renewable energy technology and generates projects to deploy that technology. Its projects include Zanzibar Clean and Renewable Energy Park (ZCREP), a 350 MW Power Plant and Hesperia. ZCREP is located on Unguja Island in the Zanzibar Archipelago. It develops and constructs a 350-megawatt (MW) combined cycle power plant in mainland Tanzania.


OTCQB:ASRE - Post by User

Astra Energy Inc
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Post by averagepennieson Aug 10, 2023 12:49pm
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Post# 35582037

Astra Energy Inc.'s New CEO Immediately Pays Off Convertible

Astra Energy Inc.'s New CEO Immediately Pays Off Convertible

SAN DIEGO, Aug. 10, 2023 (GLOBE NEWSWIRE) -- via IBN -- Astra Energy Inc. (OTCQB: ASRE) (“Astra” or the “Company”) today announces that the company's new Chairman and CEO prepaid the only convertible note on the balance sheet to avoid any potential dilution to the company’s stock and to protect shareholder interest.

Mr. Loudoun has extensive experience in business development and operational leadership as well as an innate ability to achieve common goals that advance aligned strategic priorities for the companies he is involved in. He brings expertise that will ensure that efficiency, focus, and a drive toward creating value are embedded in all aspects of organizational decision-making.

"Astra is at a very exciting operational inflection point. Years of concerted effort and business development have brought the company to a point where both the Holcomb and Regreen technologies can be presented to a backlog of potential customers. With manufacturing in place, the timing for this company to advance could not be better. We are looking forward to a very rewarding time for all stakeholders," said Ron Loudoun, CEO and Chairman.

https://www.globenewswire.com/news-release/2023/08/10/2723004/0/en/Astra-Energy-Inc-s-New-CEO-Immediately-Pays-Off-Convertible-Note-Ahead-of-Maturity-Date.html

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