Alternative Energy Partners, Inc. cancelled the transaction announced on October 1, 2010
October 30, 2013
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Alternative Energy Partners, Inc. (OTCBB: AEGY) announced an equity line of credit agreement with Ambrose & Keith Fund, Inc. for gross proceeds of $30,000,000 on October 1, 2010. The investor will invest for common stock of the company over a 24 month period in periodic draws of not less than $10,000 and not more than $500,000, based on a price per share equal to 85% of the 5 days lowest daily volume weighted price of the stock on the stock exchange. The initial draw on this equity line of credit is conditioned on the company filing an S-1 registration statement. The company expects to file the registration statement within two weeks.
On October 1, 2013, Alternative Energy Partners, Inc. (OTCPK:AEGY) cancelled the transaction.
Alternative Energy Partners, Inc. (AEGY) is a development stage holding company. The Company operates with its subsidiary, Clarrix Energy, LLC, in the business of energy production and management. The Company is engaged in providing support services for medical marijuana. Ethanol was its initial intended product and it intends to establish other alternative energy products and service which includes solar-thermal energy production, energy management control. In May, 2012, the Company acquired Clarrix Energy. The Company acquired the PharmaJanes. The Company also acquired Simple Prepay merchant payment solution from iEquity Corp. The Simple Prepay system was developed to offer dispensaries, collectives, and delivery services for medical cannabis. Combined with the PharmaJanes on-line and smart phone ordering platform, medical marijuana patients will be able to order, process and pay for their authorized needs.
ALTERNATIVE ENERGY PARTNERS, INC. 
