News Column

Alter NRG announces private placement

February 3, 2014

TSX- NRG OTCQX - ANRGF 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 . 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 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: The information in this news release includes certain information and statements about management's view of future events, expectations, plans and prospects, including the use of proceeds from the Offering, the completion of the Offering and the anticipated closing date of the Offering that constitute forward looking statements. These statements are based upon assumptions that are subject to significant risks and uncertainties. Because of these risks and uncertainties and as a result of a variety of factors, the actual results, expectations, achievements or performance may differ materially from those anticipated and indicated by these forward looking statements. Although the Company believes that the expectations reflected in forward-looking statements are reasonable, it can give no assurances that the expectations of any forward-looking statements will prove to be correct. The closing of the Offering may not be completed if definitive documentation cannot be finalized or the Company is unable to obtain the necessary regulatory and stock exchange approvals on the timelines it has planned or if some other condition to the closing is not satisfied. Accordingly, there is a risk that the Offering will not be completed within the anticipated time, on the terms currently proposed, or at all. The intended use of the proceeds of the Offering by the Company might change if the board of directors of the Company determines that it would be in the best interests of the Company to deploy the proceeds for some other purpose. The forward looking statements contained in this press release are made as of the date hereof and the Company undertakes no obligations to update publically or revise any forward looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws. SOURCE Alter NRG Corp.


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Source: Canada Newswire


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