Alter NRG raises $11 million in latest share sale

In Canada, Alter NRG Corp. announced that its raised US$11 million after shareholders approved the private placement of 34,153,845 common shares of the company to four investors at a price of $0.325 per common share. Upon receiving final Toronto Stock Exchange (TSX) approval, the company expects to complete its financing in 2013. Alter NRG’s seeks to further commercialize its Westinghouse Plasma Gasification Technology using a variety of feedstocks to provide renewable energy solutions as well as produce ethanol, biodiesel, electricity, and syngas.