Company sells 7,812,500 common shares at C$0.64 per share in offering
By Devika Patel
Knoxville, Tenn., Feb. 3 - Alter Nrg Corp. said it arranged a C$5 million non-brokered private placement of stock.
The company will sell 7,812,500 common shares at C$0.64 apiece. The price per share is a 27.27% discount to the Jan. 31 closing share price of C$0.88.
Settlement is expected Feb. 7.
Proceeds will be used for sales and marketing efforts.
Alter Nrg, a Calgary, Alta.-based development-stage company, is pursuing alternative energy services to meet the demand for environmentally responsible energy in world markets.
| Issuer: | Alter Nrg Corp.
|
| Issue: | Common shares
|
| Amount: | C$5 million
|
| Shares: | 7,812,500
|
| Price: | C$0.64
|
| Warrants: | No
|
| Agent: | Non-brokered
|
| Pricing date: | Feb. 3
|
| Settlement date: | Feb. 7
|
| Stock symbol: | Toronto: NRG
|
| Stock price: | C$0.88 at close Jan. 31
|
| Market capitalization: | C$83.74 million
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
