Alterra Power Announces Potential Sale of Blue Lagoon Interest

17 May 2017

Alterra Power Corp. (TSX: AXY) announces that following several unsolicited expressions of interest, its subsidiary HS Orka hf will examine strategic alternatives for its 30% ownership interest in the Blue Lagoon tourist resort, up to and including a full sale.

Ross Beaty, Alterra's Executive Chairman, said "The Blue Lagoon has grown substantially over the last several years, attracting significant investor attention from Iceland and elsewhere. Since the asset does not comprise a core part of our renewable power business, we think it's time to look at our options."

Alterra Power | http://www.alterrapower.ca