Alterra Power MGMXD

News - Settlement of icelandic Bond

[R_J_]

Alterra Power Announces Final Settlement of Icelandic Bond
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https://www.alterrapower.ca/news/Press-Release/News-Releases/News-Releases-Details/2017/Alterra-Power-Announces-Final-Settlement-of-Icelandic-Bond/default.aspx
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Released on July 26
Alterra Power Announces Release Date Results for the Quarter Ended June 30, 2017
[ Marker close August 10; Webcast, Friday, August 11, 11:30 AM ET, 8:30 AM PT.]
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https://www.alterrapower.ca/news/Press-Release/News-Releases/News-Releases-Details/2017/Alterra-Power-Announces-Release-Date-Results-for-the-Quarter-Ended-June-30-2017/default.aspx
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RJ

[Newstock44]

Do the math 71.3x1.245(Canadian dollar) = 88.5 million 88.5x 53.9% \ 12.7 = $375 million  good news on the financials after 3rd quarter maybe Krona is almost 100 per US dollar check the last 7 years out.. i am all in Thank the conservatives for the TFSA cheers 44

[R_J_]

Katusa Comments Quote: - Alterra has negotiated a final settlement of its Icelandic bond, which is tied to its geothermal project HS Orka. - The bond is held by a group of Icelandic pension funds. - As collateral for the loan, Alterra put up a 12.7% stake in the geothermal project HS Orka. - The bond is now due, and rather than paying back the loan with cash, Alterra is going to give up the 12.7