AXY.CA Profile & Description — Alterra Power Corp
Magma Energy and its subsidiaries are engaged in the operating, developing, exploring and acquiring geothermal energy projects in North, South, Central America and Iceland. The recoverability of the carrying values of Co.'s geothermal properties is dependent upon the existence and discovery of economically recoverable reserves, the ability of Co. to obtain the necessary financing to complete the development of these properties and future profitable production from or proceeds from disposition of geothermal properties. Co. is organized into two business segments: the exploration of geothermal properties and the production and sale of geothermal power.