Astra Energy (OTCQB: ASRE), a renewable and waste-to-energy project developer and technology acquisition company, announced that it has paid off the only convertible note on the company’s balance sheet. According to the announcement, Ron Loudoun, the company’s new chair and CEO, prepaid the note to avoid any potential dilution to the company’s stock and to protect shareholder interest. Loudoun brings an impressive resume to his new position, with experience in business development and operational leadership as well as a proven track record of achieving common goals that advance aligned strategic priorities for the companies he is serving. “Astra is at a very exciting operational inflection point,” said Astra Energy CEO and chair Ron Loudoun in the press release. “Years of concerted effort and business development have brought the company to a point where both the Holcomb and Regreen technologies can be presented to a backlog of potential customers. With manufacturing in place, the timing for this company to advance could not be better. We are looking forward to a very rewarding time for all stakeholders.”
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About Astra Energy Inc.
Astra Energy is an integrated solutions provider investing in and developing clean and renewable energy projects in markets where demand is high, supply is limited and there is an opportunity to address other imminent market needs. Astra’s corporate strategy is rooted in securing technologies and assets; identifying viable market opportunities; and bringing together resources, expertise, technology and defined action plans to execute first-in-class projects that benefit communities, local economies, the planet and the company’s investors. The company’s goal is to create a more secure and sustainable power sector that supports its purpose, mission and values to transform the economic, environmental and social landscape for generations to come. For further information about the company, visit www.AstraEnergyInc.com
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