Alaska Hydro Corporation announced that it intends to borrow up to CAD 100,000 by way of an unsecured demand promissory note to provide working capital for the company to complete its annual audit, pay TSX Venture Exchange annual fees and other regulatory and related fees necessary to maintain the company's TSX-V listing. The loans will only be made in accordance with applicable exemptions from prospectus requirements available under applicable securities rules. Insiders of the company may provide part or all of the required funding.

The company announced changes to the Board of Directors and management as a result of the resignation of Mr. Doug Bishop from the Board and from the position of President and Chief Executive Officer. Mr. Cliff Grandison, a Director and Co-Chair of the company, has been appointed to the position of Interim President and Chief Executive Officer.