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Alter NRG Corp. Sale of Investor Solicitation Process

[Category : - RENEWABLE ENERGY]
[Viewed 34 times]

INTRODUCTION
MNP Ltd. in its capacity as Receiver (the “Receiver”) of Alter NRG Corp. (the “Company”) is conducting a sale process for the assets of the Company. The deadline for receipt of offers is August 30, 2021.

The Company is headquartered in Calgary, Alberta where it provided alternative energy solutions. The Company sold its Westinghouse Plasma Gasification Technology through a wholly owned subsidiary called Westinghouse Plasma Corp. The proprietary plasma gasification technology was used to convert biowaste into renewable energy solutions including liquid fuels, electrical power and syngas. On March 27, 2015, the Company was acquired by Harvest International New Energy through its wholly owned subsidiary, 1030629 B.C. Ltd. The Receivership proceedings were initiated on April 29, 2021.

In our capacity as Receiver, we are soliciting offers to purchase the Company’s proprietary Plasma Gasification Technology. Further information including a comprehensive list of patents available for sale can be made available upon receipt of an executed confidentiality agreement.

LIMITATIONS
To facilitate this process, we have prepared a Confidential Information Memorandum (“CIM”). All information in the CIM has been prepared solely for the convenience of prospective purchasers and has not been audited or otherwise verified by the Receiver

The Receiver does not make any representations or warranties as to the accuracy or completeness of the CIM and shall have no liability for any representations (be they expressed or implied) or omissions contained herein nor in any other written or oral communications transmitted to prospective purchasers in the course of the evaluations of the assets. Furthermore, the information provided in the CIM may not contain all of the information a prospective purchaser may require and therefore, prospective purchasers should conduct their own investigations, analysis and due diligence relating to the Company’s assets and any of the information contained in the CIM.










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