TORONTO, Feb. 22, 2013 /CNW/ -The Board of Directors ofCleanfield Alternative Energy Inc. ("Cleanfield") (TSX VENTURE: AIR)
announces that it has triggered an event of default as defined in
Section 8.1 (e) of the Trust Indenture dated July 31, 2008. The secured
credit amount is $1,475,000.
Forward Looking Statements: Certain statements in this news release may be considered to be
forward-looking. These statements relate to future events or
Cleanfield's future results including revenues and reflect the current
assumptions and expectations of management. Unknown factors may affect
the events, performance, revenues and results of operations described
herein. Cleanfield undertakes no obligation, and does not intend to
update or revise any forward-looking statements, whether as a result of
new information, future events or otherwise, except as may be required
under applicable laws.
The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this release.
SOURCE: Cleanfield Alternative Energy Inc.