Monday, October 19, 2009

ALTER NRG CORPORATION (OTCQX: ANGRF, TSX: NRG)

a syngas manufacturer pursuing alternative energy solutions to meet the growing demand for environmentally responsible energy in world markets, and Dufferin County have signed a Memorandum of Understanding ("MOU") to develop an energy recovery facility that will process 75 tons per day of household waste and convert it into approximately two megawatts of electricity in the County of Dufferin, Ontario. Read More | Learn About ANRGF | Download Research Report | Corporate Filings
In other news, ANRGF’s announced the closing of the acquisition of 100% of the shares of CleanEnergy Developments Corp., a leading private company providing geoexchange services in the Canadian commercial, industrial and residential markets. The acquisition price of $18.4 million has been satisfied with $7.81 million cash and 5.3 million common shares of Alter NRG at a deemed price of $2.00 per share.
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Additionally, ANRGF recently announced it has expanded its activity base in North America, the United Kingdom, the European Union and Southeast Asia with further strategic partnerships and facilities being planned or engineered using the Westinghouse Plasma Corp. Plasma Technology ("Westinghouse Technology") in each region. The Westinghouse Technology, which is 100% owned by Alter NRG and has been independently ranked as a leading plasma technology, is being applied for renewable and sustainable energy projects worldwide. Alter NRG is pleased to provide a strategic update in each geographic region.

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