Issue of Equity
February 26 2010 - 10:33AM
UK Regulatory
TIDMALR
RNS Number : 7800H
Alternative Energy Limited
26 February 2010
For immediate release
26 February 2010
Alternative Energy Limited
("Alternative Energy" or "the Company")
Issue of Equity
Further to the repurchase into Treasury of 40,042,966 Ordinary Shares by the
Company in September 2008, Alternative Energy announces that it has issued and
allotted 19,370,000 of these Ordinary Shares at US$0.03 per share whereby
raising a total of US$581,100. The monies will be used for general working
capital purposes.
In addition, the Company has also issued and allotted 15,580,000 new Ordinary
Shares at US$0.03 per share whereby raising a total of US$467,400. Again, the
monies will be used for general working capital purposes.
Application has been made for the 34,950,000 Ordinary Shares, which will rank,
pari passu, with all existing ordinary shares, to be admitted to trading on AIM
and trading in such shares is expected to commence on or around 4 March 2010.
Following the Ordinary Shares issues as set out above, the total number of
shares in issue will be 1,177,999,598 and the total number of Ordinary Shares
held in Treasury will be 20,672,966.
ENDS
ENDS
For further information, please contact:
Richard Lascelles, Director Tel: 020 7408 1067
Roland Cornish, Beaumont Cornish Limited Tel: 020 7628 3396
This information is provided by RNS
The company news service from the London Stock Exchange
END
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