NR now sell 25% of Iceland...why?

Dear Agoracom Family,

I want to thank all of you for your patience with us over the past 48 hours and apologize for what was admittedly a botched launch of our new site.

As you can see, we have reverted back to the previous version of the site while we address multiple forum functionality flaws that inexplicably made their way into the launch.

To this end:

1.We have identified 8 fundamental but easily fixable flaws that will be corrected in the coming week, so that you can continue to use the forums exactly as you've been accustomed to.

2.Additionally we will also be implementing a couple of design improvements to "tighten up" the look and feel of the forums.

Sincerely,

George et al

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duncanmcl

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NR now sell 25% of Iceland...why?

posted on Jul 18, 2011 09:08PM

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VANCOUVER, June 1, 2011 /CNW/ - Alterra Power Corp. (TSX:AXY) reports that its wholly-owned subsidiary Magma Energy Sweden AB has now closed the previously announced agreement to sell a 25% stake in its 98.5%-owned Icelandic geothermal power company HS Orka hf to Jarðvarmi slhf, a company owned by a group of 14 Icelandic pension funds, for ISK 8.06 billion (approximately US $69.8 million). Jarðvarmi will hold fulsome minority shareholder rights, including a right to purchase Magma Sweden's interest in HS Orka should it elect to divest its stake in the future.

Ross Beaty, Alterra's Chairman and CEO, commented, "I am very pleased to welcome these Icelandic pension funds into HS Orka as exceptional long term partners in its future. They will better enable development of the company's outstanding growth prospects through

Welcome To The Alterra Power Corp HUB On AGORACOM

NR now sell 25% of Iceland...why?