On May 27, 2019, Alterola Biotech, Inc. entered into an agreement to acquire Algae Energy Inc. (“Algae Energy”) from Affinity Health and Energy Limited (“AEB”). The agreement was amended in June 2019. On August 21, 2019, the board of directors appointed Irving Aronson, Lalit Kumar, and Dheeraj Jain to its board of directors.

In addition, the board appointed Irving Aronson as Chairman of the Board, Lalit Kumar as Chief Executive Officer, Dheeraj Jain as Chief Operating Officer. Peter Maddocks will step down as CEO, however he continues to serve as President, Chief Financial Officer and Corporate Secretary of the company. Since July 28th, 2014 to present date Peter E. Maddocks has been Chairman of London Mining Finance Limited, a privately held company engaged in financing mining ventures.

He is also a Director of two privately held property development companies named Regency Homes & Estates Limited and Royal Palace Cove Estates Limited. He is the Chairman of Golden Square Equity Partners Limited and Chairman of London Pharma Holdings Limited. He is He has served as Chief Executive Officer, President, Secretary and Director of Alterola Biotechnology Inc, since March 26th, 2018., he will step down as Chief Executive officer effective immediately, however he will continue to serve as Chief Financial officer, President and corporate secretary of the company.

Irving Aronson age has been Chairman of Millennium Energy Corp. for the past 5 years, since March of 2014. Lalit Kumar, is newly appointed Chief Executive Officer, and Director, with immediate effect he was formerly the CEO of Sakthi Automotive Group.

He brings several years of executive international experience working in India, Japan, China, Korea and the US. Dheeraj Jain, is newly appointed Chief operating Officer and Director, He has previously held the post of Managing Director of Redcliffe Capital, focused on Leverage buyouts, M&A and Property Investments.