TORONTO, May 3 /CNW/ - Cleanfield Alternative Energy Inc. (TSX VENTURE:
AIR), announces that, after receiving TSX Venture Exchange approval, it
issued 1,094,222 common shares at $0.08 per share to satisfy certain
debt owing to four arm's length creditors of its subsidiary, Cleanfield
Energy Corp. All common shares issued are subject to a four-month
Exchange hold period expiring August 30, 2011.
About Cleanfield: 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 3.5 kW vertical axis wind turbine. The company is also
developing several advanced solar photovoltaic technologies with
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 (905) 304-5223, email@example.com.