ALTERNATIVE EARTH RESOURCES INC. ("AER")
BULLETIN TYPE: Property-Asset or Share Disposition Agreement
BULLETIN DATE: August 29, 2014
TSX Venture Tier 2 Company
TSX Venture Exchange (the 'Exchange') has accepted for filing a purchase and sale agreement dated August 5, 2014 (the 'Agreement'), among Alternative Earth Resources Inc. (the 'Company') and Ormat Nevada Inc. ('Ormat'). Pursuant to the Agreement, the Company will receive US$1,490,000 in exchange for the Company's 50% interest in the Crump Geyser project and a 100% interest in the Company's North Valley project.
Ormat also acquired an option in respect of the Company's New Truckhaven leases. Ormat must pay the Company US$10,000 to exercise the option in respect of the New Truckhaven leases.
Insider / Pro Group Participation: N/A
Please refer to the Company's news releases dated June 11, 2014, August 5, 2014 and August 27, 2014 for further information.
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