12:01 PM EST - Alterra Power Corp. : announced that it has received an unsolicited offer from a private Icelandic entity for the purchase of Alterra's interest in HS Orka hf, an Iceland geothermal power company owned 66.6% by Alterra and 33.4% by a syndicate of Icelandic pension funds. Alterra has signed a non-binding term sheet to pursue such a transaction conditional on reaching a definitive agreement, obtaining necessary approvals from the Icelandic government and other customary conditions. Alterra Power Corp.
shares T.AXY are trading up $0.005 at $0.43.
