Issue of Equity
July 27 2010 - 6:55AM
UK Regulatory
TIDMALR
RNS Number : 9919P
Alternative Energy Limited
27 July 2010
For immediate release
27 July 2010
Alternative Energy Limited
("Alternative Energy" or "the Company")
Placement of Treasury Shares
Further to the issue of its recent convertible note and relisting, the Company
is pleased to announce that it has placed 18,750,000 Ordinary Shares, being
shares held in treasury, at US$0.04 per share. The placement, to sophisticated
investors in Asia, was made from shares purchased by the Company in 2008 at a
price of US$0.03 per share and raises a total of US$750,000 for the Company. The
monies will be used for additional general working capital purposes.
Application has been made for the 18,750,000 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 2 August 2010.
The total number of shares in issue is now 1,398,672,563 and the total number of
Ordinary Shares held in Treasury is 1,922,966.
ENDS
About Alternative Energy
Alternative Energy Limited (AEL) is headquartered in Singapore. Having
researched the market and various technologies over the past three years, the
Company recently announced the acquisition of a number of technologies and the
launch of a range of products which is intended to make it a brand name in the
developing alternative energy market.
AEL products fall into two categories: Energy Generation, where its
patented eRoof technologies form a new approach to building integrated clean
energy power generation from solar and wind, and Energy Saving, where
Alternative Energy has developed a number of market-ready products led by its
eLumen and elumen8 LED lighting products.
Alternative Energy's stated objective is to introduce the "PC" of energy to
the mass market by providing an efficient, practical and cost effective
alternative to conventional power generation.
'NOW THE WORLD HAS AN ALTERNATIVE TM'
For further information please see the Company's website:
www.alternativenergy.com.sg or please contact:
Alternative Energy Limited
Eric Goh, Director+65 9060 1355
Richard Lascelles, Director +44 (0) 20 7408 1067
Beaumont Cornish Limited
Nominated Advisor and Broker
Roland Cornish/ James Biddle+44 (0) 20 7628 3396
Beaufort International Associates Limited
Investor Relations
Kevin Feeny and Amanda Oliver +44 (0) 20
7930 8333
This information is provided by RNS
The company news service from the London Stock Exchange
END
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