Cleanfield Announces Share Issuance

TORONTO, Aug. 31 /CNW/ - Cleanfield Alternative Energy Inc. ("Cleanfield" or the "Company") (TSX-VENTURE: AIR-V), announces that, after receiving TSX Venture Exchange ("Exchange") approval, it issued 679,058 common shares at $0.14 per share to satisfy certain debt owing to four arm's length creditors of its subsidiary, Cleanfield Energy Corp. These common shares were issued as a result of previously signed "shares for services" agreements. All common shares issued are subject to a four-month Exchange hold period expiring December 26, 2010.

About Cleanfield: Cleanfield Energy provides renewable energy technology solutions primarily for urban environments. The company's industry-leading 3.5kW VAWT is sold worldwide, and can be customized and integrated in various ways to produce clean energy safely, quietly and cost effectively.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

SOURCE Cleanfield Alternative Energy Inc.

For further information: For further information: Tony Verrelli, President/CEO, Cleanfield Energy Corp, (905) 304-5223, Email: info@cleanfieldenergy.com, Website: www.cleanfieldenergy.com

Organization Profile

Cleanfield Alternative Energy Inc.

More on this organization


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890