CALGARY, June 29, 2011 /CNW/ - Alter NRG Corp. ("Alter NRG") announced today that it has filed a final short form base shelf
prospectus with the securities regulatory authorities in each of the
provinces of Canada, other than Québec. Under the provisions detailed
in the short form base shelf prospectus, Alter NRG may offer from time
to time: (i) common shares, (ii) preferred shares, (iii) secured or
unsecured obligations in the form of senior or subordinated debt
securities, (iv) subscription receipts, (v) units or (vi) warrants to
purchase common shares, debt securities or other securities
(collectively, the "Securities") of up to $40,000,000 aggregate initial offering price of Securities
during the 25-month period that the short form base shelf prospectus is
valid. Securities may be offered separately or together, in amounts, at
prices and on terms to be determined based on market conditions at the
time of the sale and set forth in one or more prospectus supplements
and/or pricing supplements.
Copies of the base shelf prospectus may be obtained under Alter NRG's
profile on SEDAR at www.sedar.com.
ABOUT ALTER NRG
Alter NRG is pursuing alternative energy solutions to meet the growing
demand for environmentally responsible energy in world markets. Alter
NRG's vision is to commercialize growth technologies through
environmentally sustainable and economically viable alternative energy
projects. Alter NRG's objectives are twofold; First, is to further
commercialize the Westinghouse Plasma Gasification Technology, through
a wholly owned subsidiary, to provide renewable and clean energy
solutions from a wide variety of feedstocks, and providing a wide
variety of energy outputs - including liquid fuels like ethanol and
diesel, electrical power, and syngas; Second, to capitalize on the
rapidly growing geoexchange residential and commercial heating and
cooling market through a wholly owned subsidiary CleanEnergy that
enables consumers to reduce their carbon footprint and reduce the cost
and volatility of energy bills using the energy from the earth.
The Toronto Stock Exchange does not accept responsibility for the
adequacy or accuracy of this release.
This news release does not constitute an offer to sell Alter NRG
securities or the solicitation of an offer to buy Alter NRG securities,
nor is there to be any sale of securities in any jurisdiction in which
such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of such
Advisory Respecting Forward-Looking Information
This news release contains certain "forward-looking information" within
the meaning of applicable securities laws. The use of the words "may"
and "will" and similar expressions are intended to identify
forward-looking information. In particular, but without limitation,
this news release contains forward-looking information in respect of
potential issuances of Securities and prospectus supplement and/or
pricing supplement filings by Alter NRG.
Various assumptions were used in drawing the conclusions or making the
projections contained in the forward-looking information contained in
this news release. The forward-looking information included in this
news release is not a guarantee of future performance and should not be
unduly relied upon. Forward-looking information reflects management's
current beliefs and assumptions, based on information currently
available to management.
A number of factors, risks and uncertainties could cause actual results
to differ materially from the results discussed in the forward-looking
information, many of which are beyond the control of the Alter NRG.
Among the material factors that could cause actual results to differ
materially from those indicated by such forward-looking information
are: not receiving the regulatory approvals, including the further
approvals that may be sought from securities regulatory authorities or
the Toronto Stock Exchange, in the timelines required or at all, that
the prevailing market price of the Securities may make a prospectus
offering in respect of such Securities unattractive to Alter NRG as
well as those factors discussed in or referred to under the heading
"Risk Factors" in Alter NRG's Annual Information Form for the year
ended December 31, 2010 which is available under Alter NRG's profile on
SEDAR at www.sedar.com.
Alter NRG cautions that the foregoing list of risks and uncertainties is
not exhaustive. The forward-looking information contained in this news
release speaks only as of the date of this news release, and Alter NRG
assumes no obligation to publicly update or revise them to reflect new
events or circumstances, except as may be required pursuant to
applicable securities laws.
SOURCE Alter NRG Corp.
For further information:
Mark Montemurro, Chief Executive Officer
(403) 806-3877 email@example.com
Daniel Hay, Chief Financial Officer
(403) 214-4235 firstname.lastname@example.org