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| Home : Alter NRG Corp.: News Release |
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May 26
2012 |
Alter NRG Corp.: News Release |
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CALGARY, ALBERTA--(Marketwire - May 25, 2012) - Alter NRG Corp. ("Alter NRG") (TSX:NRG) (OTCQX:ANRGF) announced today that it has issued its first draw down notice for an aggregate amount of $500,000 under its committed equity facility agreement with Haverstock Master Fund, Ltd. ("Haverstock") (the "CEF"). A maximum of 1,662,234 common shares of Alter NRG ("Common Shares") will be issued pursuant to the draw down (the "Draw Down") at a minimum price of $0.32 per Common Share discounted by six percent, representing a minimum issue price of $0.3008 per Common Share. A pricing supplement ("Pricing Supplement") setting out the specific terms of the Common Shares issuable pursuant to the Draw Down will be prepared and filed in due course. Closing of the draw down is currently scheduled to occur on or around June 8, 2012, subject to receipt of all regulatory approvals. |
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| Source:http://www.marketwire.com/mw/release.do?id=1661929&sourceType=3 |
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