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Harvest International New Energy and Alter NRG announce conclusion of CFIUS investigation
CALGARY , July 20, 2015 /CNW/ - Alter NRG Corp. ("Alter NRG" or the "Company") (TSX:...
About this update from Pinnacle Silver And Gold Corp
[{"type":"text","content":"\n\nCALGARY, July 20, 2015 /CNW/ - Alter NRG Corp. (\"Alter NRG\" or the \"Company\") (TSX:NRG) and Harvest International New Energy, Co., Ltd. (\"Harvest\") are pleased to announce that they have received written confirmation from the Committee on Foreign Investment in the United States (\"CFIUS\") that it has completed its investigation in respect of the notice submitted by Alter NRG and 1030629 B.C. Ltd. (the \"Offeror\"), a wholly-owned subsidiary of Harvest, in respect of the offer by the Offeror to acquire (the \"Offer\") all of the issued and outstanding common shares of Alter NRG (\"Common Shares\") for C$5.00 in cash per share. CFIUS has determined that there are no unresolved national security concerns with respect to the Offer and has concluded its action under Section 721 of the Defense Production Act of 1950, as amended.\n\nThe Offer is open for acceptance until 5:00 p.m. (Calgary time) on July 24, 2015, unless further extended or withdrawn in accordance with the support agreement entered into in connection with the Offer (the \"Support Agreement\"). As approximately 75% of the issued and outstanding Common Shares have been deposited under the Offer, all conditions to the Offer have been satisfied as at the date of this news release. The Offeror intends to take up and pay for all Common Shares validly deposited to the Offer and not properly withdrawn from the Offer not later than three business days following the expiry of the Offer on July 24, 2015, provided all conditions of the Offer remain satisfied.  Alter NRG shareholders are urged to tender their Common Shares, to the extent they have not already done so, prior to the expiry of the Offer at 5:00 p.m. (Calgary Time) on July 24, 2015 in order to receive payment for their shares sooner rather than later.\n\nABOUT ALTER NRG\n\nAlter NRG provides alternative energy solutions to meet the growing demand for environmentally responsible and economically viable energy in world markets. 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.\n\nCautionary Stateme...