Alternergy to raise funds for next round of RE projects - BusinessWorld Online

Alternergy to raise funds for next round of RE projects - BusinessWorld Online

ALTERNERGY HOLDINGS CORP. plans to raise funds for its next round of renewable energy (RE) projects by converting 500 million existing common shares into a new series of perpetual preferred shares. “The reclassification of Alternergy’s new series of perpetual preferred shares is in anticipation of our next capital raising exercise to fund our next round of renewable projects,” Alternergy president Gerry P. Magbanua said in a statement on Wednesd…