TSX - NRG
OTCQX - ANRGF
CALGARY, May 27, 2014 /CNW/ - Alter NRG Corp. ("Alter NRG" or the "Company") is proposing a 4 for 1 reverse stock split to be voted upon at the upcoming Annual General Meeting on June 13, 2014. Management believes that this is in the best interests of shareholders to attract further market attention and be prepared for the potential addition of exchanges.
Walter Howard, CEO of Alter NRG states that "Alter NRG has achieved significant milestones and continues to attract commercial attention and new customers worldwide. However, in the capital markets we are often overlooked and share price is a contributing factor as many investors cannot invest in stocks below a certain price. I believe that a reverse split will allow a greater number of investors to evaluate an open market investment in Alter NRG and it will also provide us the flexibility to list on an exchange in a larger capital market should we choose to do so."
ABOUT ALTER NRG
Alter NRG provides alternative energy solutions to meet the growing demand for environmentally responsible and economically viable energy in world markets. Alter NRG's primary objective is to further commercialize the Westinghouse Plasma Gasification Technology, through its wholly owned subsidiary, to provide renewable and clean energy solutions from a wide variety of feedstocks, and to provide a wide variety of energy outputs – including liquid fuels like ethanol and diesel, electrical power, and syngas.
The Toronto Stock Exchange does not accept responsibility for the adequacy or accuracy of this release.
Advisory Respecting Forward-Looking Statements:
This news release contains certain "forward-looking information and statements" within the meaning of applicable securities laws. The use of any of the words "expect", "anticipate", "continue", "estimate", "objective", "ongoing", "may", "will", "project", "should", "believe", "plans", "intends", "confident", "might" and similar expressions are intended to identify forward-looking information or statements. In particular, this new release contains forward looking statements pertaining potential listing on a new exchange and ability for investors to invest in Alter NRG at a different share price. Various assumptions were used in drawing the conclusions or making the projections contained in the forward-looking statements throughout this news release.
The forward-looking information and statements included in this news release are not guarantees of future performance and should not be unduly relied upon. Forward-looking statements reflect management's current beliefs and assumptions, based on information currently available to management. A number of factors could cause actual results to differ materially from the results discussed in the forward-looking statements, many of which are beyond the control of the Company. Among the material factors that could cause actual results to differ materially from those indicated by such forward-looking statements are: that the backgrounds of the parties do not impact business strategy in a material way, that new markets are not economic or that there is not sufficient demand for the Company's products, that there may be competition in those markets, as well as those factors discussed in or referred to under the heading "Risk Factors" in the Company's Annual Information Form dated March 27, 2014 available at www.sedar.com. Such information and statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information or statements.
The Company cautions that the foregoing list of assumptions, risks and uncertainties is not exhaustive. The forward-looking information and statements contained in this news release speak only as of the date of this news release, and the Company 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.