Alter Nrg Corp. announces $5,000,000 warrant exercise


    TSXV - NRG

    CALGARY, Dec. 3 /CNW/ - Alter Nrg Corp. (the "Company" or "Alter Nrg") is
pleased to announce that, further to its press releases of November 12 and
November 16, 2007, Coghill Capital Management, LLC., investing on behalf of
its clients, ("Coghill"), has exercised the entirety of its previously issued
warrants and thereby acquired 2,202,643 additional common shares of the
Company for gross proceeds of approximately $5 million. Upon completion of the
warrant exercise the Company will have 45,600,673 common shares issued and
outstanding. As previously announced, the proceeds will be used by the Company
to fund ongoing project development, and working capital. The common shares
issued are subject to a four month statutory hold period commencing
November 16, 2007.

    This news release shall not constitute an offer to sell or the
solicitation of an offer to buy the Company's common shares in any
jurisdiction. The Company's common shares will not be and have not been
registered under the United States Securities Act of 1933, as amended, and may
not be offered or sold in the United States or to a U.S. person, absent
registration, or an applicable exemption therefrom.

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

For further information:

For further information: Mark Montemurro, President and Chief Executive
Officer, (403) 806-3877,; Daniel Hay, Chief Financial
Officer, (403) 806-3881,; Investor Relations, (403) 806-3875,

Organization Profile

Alter NRG Corp.

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