Alternate Energy Holdings terminates $150 million investment agreement

Investor Centurion returns 1 million shares upon cancellation of deal

By Devika Patel

Knoxville, Tenn., June 17 - Alternate Energy Holdings, Inc. terminated an investment agreement with Centurion Private Equity, LLC on June 13, according to an 8-K filed Friday with the Securities and Exchange Commission.

The agreement was negotiated on Nov. 24. Centurion had committed to buy up to $150 million of company common shares from time to time. The investor agreed to return the 1 million shares it had received as part of the financing.

Located in Eagle, Idaho, Alternate Energy buys and constructs green energy sources.

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