Alterra Power MGMXD

What's with the news now

[Newstock44]

anyone know why It has been halted.. Good or bad BF .cheers

[BobTheKnob2]

Financing. New $50 million bought deal/private placement at $6.00 per share. It should be trading at opening tomorrow morning. https://www.alterrapower.ca/news/Press-Release/News-Releases/News-Releases-Details/2016/Alterra-Power-Announces-50-Million-of-Equity-Financings/default.aspx With the net proceeds from the Financings, Alterra plans to fund pre-construction and development activities for

[BoldForbes]

1.  Can anyone remember if the $12M is the line of credit from Mr. Beaty?  I believe it is.  If so, the positive would be he is replacing some of his debt with equity (he is not getting diluted at least). 2.  Interesting to see the consolidation of shares to dilute ownership by ~17.7% (~8.3M shares offered / ~46.8M current outstanding) 3.  There goes by ~16% increase in

[Newstock44]

So your saying all stock holders for the next 8 million shares can buy at 6.00 and receive almost 1 percent dividend in the next year or to be exact .083333 percent more shares every year ... What about after the 8 million are sold or are is that deal already done... And yes the numbers are righ BF no loss on percentage to the big guy...cheers...

[BobTheKnob2]

[R_J_]

Alterra Power Announces $50 Million of Equity Financings - - https://www.alterrapower.ca/news/Press-Release/News-Releases/News-Releases-Details/2016/Alterra-Power-Announces-50-Million-of-Equity-Financings/default.aspx - Highlights: - “Alterra Chairman Ross Beaty is buying CAD$16 million of the financing himself.” - “Alterra is doing this large financing to

[R_J_]

Alterra Power Announces $50 Million of Equity Financings - https://www.alterrapower.ca/news/Press-Release/News-Releases/News-Releases-Details/2016/Alterra-Power-Announces-50-Million-of-Equity-Financings/default.aspx -Louis James Comments Quote: - We’re not generally keen on dilution of our shares in any profitable company. - However, knowing that much of