Alter NRG Corp. (ANRGF: OTC Link) | Alter NRG Announces Closing Of The Sale Of The Fox Creek Coal Property For US$5 Million

Alter NRG Announces Closing Of The Sale Of The Fox Creek Coal Property For US$5 Million

Sep 23, 2011

OTC Disclosure News Service

Calgary, ALB, Canada –

Calgary, Alberta – September 23, 2011 – Alter NRG Corp. (“Alter NRG“) is pleased to announce it has closed the sale of its Fox Creek Coal leases for US$5 million.  Alter NRG intends to use the cash to maintain a strong working capital position on its balance sheet. 

 

ABOUT ALTER NRG

Alter NRG is pursuing alternative energy solutions to meet the growing demand for environmentally responsible energy in world markets. Alter NRG’s vision is to commercialize growth technologies through environmentally sustainable and economically viable alternative energy projects. 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.

 

For additional information please contact:

 

Mark Montemurro, Chief Executive Officer

(403) 806-3877 mmontemurro@alternrg.ca

 

Daniel Hay, Chief Financial Officer

(403) 214-4235 dhay@alternrg.ca

 

The Toronto Stock Exchange does not accept responsibility for the adequacy or accuracy of this

release.

 

This news release does not constitute an offer to sell Alter NRG securities or the solicitation of an offer to buy Alter NRG securities, nor is there to be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction.

 

The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.

Article source: http://www.otcmarkets.com/stock/ANRGF/news?id=35901

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