Ross J. Beaty

June 04, 2013 18:38 ET

Ross J. Beaty: News Release

VANCOUVER, BRITISH COLUMBIA--(Marketwired - June 4, 2013) - Ross J. Beaty, of 1550 - 625 Howe Street, Vancouver, British Columbia, V6C 2T6, today announced pursuant to National Instrument 62-103 The Early Warning System and Related Take-Over Bid and Insider Reporting Issues that on June 4, 2013 he acquired ownership of 7,588,500 common shares of Alterra Power Corp. ("Alterra") through the facilities of the Toronto Stock Exchange in reliance on the normal course purchase exemption set out in section 4.1 of Multilateral Instrument 62-104 Take-Over Bids and Issuer Bids for a purchase price of CDN$0.29 per common share and an aggregate purchase price of CDN$2,200,665. The common shares purchased represent approximately 1.6% of the total number of issued and outstanding common shares of Alterra. As a result of this transaction, Mr. Beaty now owns, directly or indirectly, or exercises control or direction over, 144,254,004 common shares of Alterra, representing approximately 30.9% of the total number of issued and outstanding common shares of Alterra. In addition, Mr. Beaty holds, directly and indirectly, options to acquire an additional 831,734 common shares of Alterra. If all such options were exercised, Mr. Beaty would exercise ownership and control, directly or indirectly, over a total of 145,085,738 common shares of Alterra, which would represent approximately 31.1% of the then issued and outstanding common shares of Alterra. Mr. Beaty's acquisition was made for investment purposes. Mr. Beaty may, in the future, acquire ownership and control over additional securities of Alterra for investment purposes.

For more information, or to obtain a copy of the subject early warning report, please contact:

Ross J. Beaty
1550 - 625 Howe Street
Vancouver, British Columbia
V6C 2T6
Telephone: (604) 684-1175
Facsimile: (604) 684-0147

Contact Information

  • Ross J. Beaty
    (604) 684-1175
    (604) 684-0147 (FAX)