Issue of Equity (6670F)
April 28 2011 - 9:14AM
UK Regulatory
TIDMALR
RNS Number : 6670F
Alternative Energy Limited
28 April 2011
For immediate release
28 April 2011
Alternative Energy Limited
("Alternative Energy" or "the Company")
Issue of Equity and Appointment of Joint Broker
The Company is pleased to announce that it has placed 22,500,000
Ordinary Shares at a price of US$0.04 per share thereby raising
$900,000. The monies will be used to aid the Company's sales and
marketing efforts in relation to its energy saving products, to
progress the commercial rollout of the eRoof and eLive system and
for additional general working capital purposes.
Application has been made for the 22,500,000 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 6 May 2011.
The total number of shares in issue is now 1,552,582,930 and the
total number of Ordinary Shares held in Treasury is 1,922,966.
The Company is also pleased to announce the appointment of
Beaufort International Associates Limited as joint broker to the
Company with immediate effect.
ENDS
About Alternative Energy
Alternative Energy Limited is headquartered in Singapore.
Through its team of Singapore based engineers, Alternative Energy
has developed a number of technologies including its patented roof
based energy system, the eRoof. The Company is now producing its
third generation eRoof for commercial roll out this year. The
Company is also developing a number of energy saving technologies
designed to reduce power consumption, led by its LED lighting
systems, which will combine with its energy generation systems to
enable the creation of energy self sufficient buildings.
'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 Joint Broker
Roland Cornish and James Biddle +44 (0) 20 7628 3396
Beaufort International Associates Limited
Joint Broker
Kevin Feeny and Saif Janjua +44 (0) 20 7930 8222
This information is provided by RNS
The company news service from the London Stock Exchange
END
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