Primary Energy Recycling Corporation Further Adjourns Special Meeting of Securityholders

    OAK BROOK, IL, Aug. 5 /CNW/ - Primary Energy Recycling Corporation (TSX:
PRI.UN) (the "Company") announced today that the special meeting of
securityholders to approve a proposed plan of arrangement involving the
recapitalization of the Company that was scheduled for August 6, 2009 has been
adjourned until August 10, 2009. The adjourned meeting will be held at 2:00
p.m. (Toronto time) at the TSX Broadcast Centre, Main Floor, The Exchange
Centre, 130 King Street West, Toronto, Ontario, Canada. The Company will
advise securityholders of the date of the hearing in respect of the final
order in a subsequent press release, but expects the hearing to occur two
business days following the date of the meeting.
    Voting instructions and information about the mechanics for depositing
and revoking proxies are provided in the information circular which has been
mailed to the Company's securityholders and which is available on the SEDAR
web site at In order to facilitate voting, the Board has
extended the proxy cut off time from 5:00 pm (Toronto time) on Wednesday,
August 5 to 10:00 am (Toronto time) on Monday, August 10. Previously submitted
proxies may be amended or revoked by (i) depositing a proxy with the transfer
agent or an instrument in writing at the registered office of the Company
prior to 10:00 am (Toronto time) on Monday, August 10 or (ii) depositing an
instrument in writing with the chair of the meeting prior to the commencement
of the meeting. As of August 4, 2009 proxies representing approximately 53.5%
of the Company's issued and outstanding enhanced income securities ("EISs")
have been received by the transfer agent and over 99% of such EISs have been
voted in favour of the Recapitalization.
    Securityholders should contact Georgeson Shareholder Communications
Canada, Inc. at 1.866.725.6498 if they have questions or require more
information with regard to voting.

    Forward-Looking Statements

    When used in this news release, the words "anticipate", "expect",
"project", "believe", "estimate", "forecast" and similar expressions are
intended to identify forward-looking statements. Such statements are subject
to certain risks, uncertainties and assumptions pertaining, but not limited,
to the successful completion of the Recapitalization and refinancing or
extension of the Company's $135 million term loan facility and the factors
discussed in the Company's public filings available on SEDAR at
These forward-looking statements are made as of the date of this press release
and, except as required by applicable securities laws, the Company assumes no
obligation to update or revise them to reflect new events or circumstances.

    About Primary Energy Recycling Corporation

    The Company owns a majority interest in Primary Energy. Primary Energy,
headquartered in Oak Brook, Illinois, indirectly owns and operates four
recycled energy projects and a 50 per cent interest in a pulverized coal
facility (collectively, the "Projects"). The Projects have a combined
electrical generating capacity of 283 megawatts and a combined steam
generating capacity of 1.8 MMlbs/hour. Primary Energy creates value for its
customers by capturing and recycling waste energy from industrial and electric
generation processes and converting it into reliable and economical
electricity and thermal energy for its customers' use. For more information,
please see

For further information:

For further information: V. Michael Alverson, Chief Financial Officer,
Primary Energy Recycling Corporation, (630) 371-0639,

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