Mining Legend Ross Beaty Buys 15 Million Alterra Power Shares

POSTED ON April 18, 2013 BY CEOEditor
CATEGORY Alternative Energy, Alterra Power, Companies, People, Ross Beaty,

Ross Beaty

Alterra Power Corp (C:AXY)
Shares Issued 466,374,814
Last Close 4/18/2013 $0.30

Mr. Ross Beaty reports:

Ross Beaty, of 1550 -- 625 Howe St., Vancouver, B.C., V6C 2T6, acquired ownership of 14.93 million common shares of Alterra Power Corp. on April 17, 2013, by way of a private purchase, made in reliance on the private agreement exemption set out in Section 4.2 of Multilateral Instrument 62-104 -- Take-Over Bids and Issuer Bids for a purchase price of 32 cents per share for an aggregate purchase price of $4,777,600 and an additional 103,500 common shares of Alterra though the facilities of the Toronto Stock Exchange in reliance on the normal course purchase exemption set out in Section 4.1 of MI 62-104 for purchase prices ranging between 30 cents and 32 cents for an aggregate purchase price of $32,368.32, for a total acquisition of 15,033,500 common shares of Alterra. The common shares purchased represent approximately 3.22% of the total number of issued and outstanding common shares of Alterra. As a result of these transactions, Mr. Beaty now owns, directly or indirectly, or exercises control or direction, over 136,665,504 common shares of Alterra, representing approximately 29.3% 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 137,497,238 common shares of Alterra, which would represent approximately 29.5% 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.

Source: Wall Street Journal

CEO Editor

tommy@pacwebco.com

CEO Editor

tommy@pacwebco.com

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