Alter NRG Message Board - Msg: 29367065

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Gold/Mining/Energy : Alter NRG

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From: TheSlowLane	2/3/2014 8:26:37 AM
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Alter NRG announces private placement CALGARY, Feb. 3, 2014 /CNW/ - (TSX: NRG; OTCQX: ANRGF) Alter NRG Corp. ("Alter NRG" or the "Company") is pleased to announce today that it intends to offer 7,812,500 common shares of the Company ("Offered Shares") at a price of $0.64 per Offered Share pursuant to a non-brokered private placement offering for total gross proceeds of approximately $5 million (the "Financing"). Proceeds from the Financing will be used primarily to further sales and marketing efforts in current and new market segments. All sales will be made on a private placement basis pursuant to exemptions from the prospectus requirements of applicable securities laws. The closing of the offering is expected to occur at on or about February 7, 2014, and is subject to certain conditions including, but not limited to, receipt of all necessary regulatory approvals including the approval of the Toronto Stock Exchange. online.wsj.com

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