Alternative Energy Partners gets USD 8m financing for acquisitions, working capital
(ADPnews) - Dec 29, 2010 - US Alternative Energy Partners Inc (OTC:AEGY) said yesterday that its parent -- Healthcare of Today Inc -- has arranged USD 8 million (EUR 6m) in financing to support AEGY's working capital and provide funds for acquisitions.
The financing deal will not result in any dilution of AEGY's stock, the company said.
A week ago, AEGY said it will acquire Renewable Energy and Water as part of its new strategy to focus on profitable opportunities such as fuel cells, solar photovoltaics (PV) and water reclamation. The company is still working to meet the listing requirements of the NASDAQ stock exchange.
Veselina Petrova is one of Renewables Now's most experienced green energy writers. For several years she has been keeping track of game-changing events both large and small projects and across the globe.