New NRG Inc. Press Releases
New NRG, Inc. Announces the Extension of Its Outstanding WarrantsThe Board of Directors of New NRG, Inc. has voted to extend the expiration date of its existing warrants issued as part of the company's private placement units offering. The previous expiration date of the warrants was June 30th, 2009. The new expiration date of the warrants is now June 30th, 2010. Bellingham (PRWEB) November 15, 2007 -- New NRG, Inc. (OTC: NNRG http://www.newnrg.net) announces a one year extension of its outstanding warrants. The Board of Directors of New NRG, Inc. has voted to extend the expiration date of its existing warrants issued as part of the company's private placement units offering. The previous expiration date of the warrants was June 30th, 2009. The new expiration date of the warrants is now June 30th, 2010. The Board of Directors felt that the extension of the warrants would provide the warrant holders with a better opportunity to benefit from the potential upside appreciation of the company's common stock once the company's planned facility in eastern Washington became operational. The original warrant deadline was scheduled to coincide with the startup date of the facility at the Burbank, WA site. Due to market conditions the shareholders would benefit from an extended vesting period for those warrants. Additionally the company is pleased to announce the filing of its 2006 form 10-K with the Securities Exchange Commission. This is the 1st step towards the company's goal of reentering its fully reporting status and possibility of upgrading the listing status of its shares from the Pink Sheets to the OTC Bulletin Board. Upon the filing of the company's upcoming third quarter 10-Q the company intends to initiate the process of upgrading the listing of its shares to the OTC Bulletin Board.
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