Atlanta, GA 7/11/2009 5:12:15 AM
News / Finance

Allora Minerals, Inc. (OTCBB: ALRL) Begins Trading Completes Purchase Agreement

Allora Minerals, Inc. recently signed an asset and stock purchase agreement with EPOD Solar, Inc., a vertically integrated solar company with operations in North America and Europe.   EPOD Solar has developed operating solar projects producing about 1,500 KWP of capacity. It currently has additional projects in development in excess of 100MW.

 

Michael Matvieshen, President and CEO of EPOD, said, "Today is another key milestone achieved for EPOD Solar. We are looking forward to the opportunity to increase our shareholder base through the public markets and believe that EPOD is well positioned for growth going forward, which should translate into increased shareholder value."

 

Currently Allora Minerals has approximately 5.69 million shares outstanding on a fully diluted basis. The company has indicated plans to change its Name and Stock Symbol to better reflect the business and operations.

 

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