Shareholder Notice: We have submitted initial payment and documents to OTC markets to be in compliance.

Altenesol LNG Colombia S.A.S. Signs Engagement Contract With BOLSA Y RENTA S.A and Mountainview Capital Corporation for Private Placement of Equity and Debt in Colombia for up to 68 Million Dollars

Source: Altenesol, LLC
Date: July 26, 2012 10:00 ET
ORLANDO, Fla., July 26, 2012 (GLOBE NEWSWIRE) — IAHL Corporation (Other OTC:IAHL.PK) — We are pleased to announce that Altenesol LNG Colombia S.A.S., a Colombian based subsidiary of Altenesol Colombia S.A.S., a subsidiary of IAHL Corporation, has signed an Engagement Contract with BOLSA Y RENTA (“BYR”) investment banking (www.bolsayrenta.com) and Mountainview Capital Corporation (“MVC”) of Canada (www.mvcap.ca). BYR is one of the leading Colombian brokerages with more than US$2.5 billion in assets under management and in June 2012, BTG Pactual (“BTGP”) (https://www.btgpactual.com/NonBrazilian/Home.aspx), Brazil’s leading investment bank, announced the acquisition of BYR, which remains subject to regulatory approval. The BYR and MVC team will organize a syndicate of agents and will be completing all the required regulatory and due diligence items needed to complete the financing. “We are excited about working with Altenesol to bring the LNG technology to Colombia. Together this will make a significant benefit for the Colombian people as an alternative green fuel which will be available to replace diesel and CNG, while we can present an interesting investing opportunity to some investors,” said Jorge A. Tabares, Vice President Investment Banking, BYR.

No changes to IAHL’s shareholders structure will occur to complete the financing as Colombian investors will own part of Altenesol LNG Colombia S.A.S. (the Company) while Altenesol Colombia S.A.S will maintain majority control of the Company.  “We are aligning ourselves with financially-sound, experienced companies in the alternative energy sector who have the funding and experience to handle our growth. This step was crucial to solidify our balance sheets for a future up list,” said Nelson De La Nuez, President & CEO, IAHL Corporation. The closing date of the financing is expected by fourth quarter 2012.  Equity and Debt funds are expected to be held in an escrow account to be disbursed by achieving certain milestones during the LNG project ensuring transparency for everyone.

Next in our path is converting the signed letters of intent to contracts with the LNG off-takers and gas supplier. Each off-taker has the financial strength to support the ten years take-or-pay contract. Completion of the FEED study is underway and will determine the LNG project (Nataly I) cost within +/-3% accuracy. “This is a historic day for our company and shareholders. Our future growth will be accelerated by the solid foundation we are creating,” said Nelson De La Nuez.

We thank the shareholders for their patience and continued support. Confidentiality agreements and LOIs are in place and more details will be released when contractual agreements are signed. Feel free to e-mail questions to our Investor Relations at info@altenesol.com.

This press release does not constitute an offer of any securities for sale. This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934.

CONTACT: Info@altenesol.com

Categories:

LATEST NEWS

IAHL Corporate Update: Our Intended Reporting Date Has Moved to on or Before Oct 31, 2021
September 27, 2021



IAHL Corporation/Altenesol (OTC: IAHL) announces Corporate Update
April 4, 2019



Altenesol Acquires Permits to Begin Nataly I
October 16, 2015



Altenesol LLC and AMCS Corporation Finalizes Contract to Build LNG Plant in Colombia
August 17, 2015



Altenesol Completes 15 Year LNG Contract and Doubles Canacol Energy Ltd. Gas Supply Contract
February 6, 2015



Altenesol Colombia S.A.S Engages Prietocarrizosa to Finalize Contracts for Total LNG Production as Project Accelerates
June 9, 2014



Altenesol LLC Selects AMCS Corporation
May 21, 2014


Altenesol S.A.S. Signs Binding Agreement With Empresas Publicas de Medellin (EPM)
Jan. 31, 2014


Altenesol and Altenesol S.A.S. Complete FEED Study and Land Purchase
Dec 20, 2013


Nataly 1 Projects Completes First Round of Funding
Apr 9, 2013


Altenesol LNG Colombia S.A.S and Canacol Energy LTD Execute the Contract to Supply Natural Gas for Nataly 1
Feb 13, 2013


Altenesol LNG Colombia S.A.S. Allies With Shona Energy to Supply Natural Gas for Nataly 1
Oct 11, 2012


Altenesol LNG Colombia S.A.S. Signs Engagement Contract With BOLSA Y RENTA S.A and Mountainview Capital Corporation for Private Placement of Equity and Debt in Colombia for up to 68 Million Dollars
July 26, 2012


IAHL Acquires TransCryogen -- Core Team Strengthens/Diversifies
May 16, 2012


IAHL Finalizes Stock Swap Agreement
March 15, 2012


IAHL Enters Into Merger Agreement
March 30, 2011


IAHL Readies for Expansion
February 09, 2011