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Stock Market & Financial Investment News

News Breaks
April 7, 2014
08:11 EDTHTMU.S. Geothermal agrees to acquire Ram Power's Geysers project for $6.4M cash
U.S. Geothermal announced that it has signed a Stock Purchase Agreement to acquire Ram Power Corp.'s Geysers project for $6.4M in cash. The Ram subsidiaries included in the transaction are Western Geopower, Skyline Geothermal Holdings, and Etoile Holdings, which, in turn, includes all membership interests in Mayacamas Energy and Skyline Geothermal. The transaction, which is subject to customary closing conditions, is expected to close on or before April 30. The acquisition will be funded with cash on hand.
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