TORONTO, Sept. 24, 2012 /CNW/ - Cleanfield Alternative Energy Inc. (the
"Corporation") is announcing a share consolidation on a 2:1 basis, subject to
shareholder approval (the "Share Consolidation"). The Corporation has called a special meeting of the shareholders to
be held on October 19, 2012 requesting such approval. There are
currently 72,261,947 common shares of the Corporation issued and
outstanding. After the Share Consolidation there will be 36,130,974
common shares of the Corporation issued and outstanding.
The Corporation has decided that the Share Consolidation is necessary in
order to attract investors so that the Corporation can raise funds. For
further details please refer to the Corporation's information circular
filed on www.sedar.com.
About Cleanfield Alternative Energy: Cleanfield is an innovative technology company focused on the research,
development and distribution of renewable energy solutions for the
urban environment. The company owns industry leading and proprietary
inverter technologies, which it currently sells through a complete
solution - a 3 kW vertical axis wind turbine. The company is also
developing several advanced solar photovoltaic technologies with
Forward Looking Statements: Certain statements in this news release may be considered to be
forward-looking. These statements relate to future events or
Cleanfield's future results including revenues and reflect the current
assumptions and expectations of management. Unknown factors may affect
the events, performance, revenues and results of operations described
herein. Cleanfield undertakes no obligation, and does not intend to
update or revise any forward-looking statements, whether as a result of
new information, future events or otherwise, except as may be required
under applicable laws.
The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this release.
SOURCE: Cleanfield Alternative Energy Inc.
For further information:
Go to www.cleanfieldenergy.com, or contact Tony Verrelli, CEO, Cleanfield 416 756-4890, email@example.com.