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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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July 23, 2015
08:15 EDTHTMU.S. Geothermal El Ceibillo project receives approval for modified schedule
U.S. Geothermal announced that its subsidiary, U.S. Geothermal Guatemala, S.A., received final notification that the modified schedule for the El Ceibillo project was approved by the Minister of Energy and Mines. Notification of the approval by Ministerial Agreement was received on Tuesday, July 21. The Ministerial Agreement was published in the official newspaper, Diario de Centro America, on Wednesday, July 22 which starts an 8 day public comment period. The concession contract will be changed with an amendment that is expected to be signed within the next 30 days. The new modified schedule has the commercial operation date for the first phase of the project occurring during Q2 of 2018. Preparations are underway to restart the company's drilling program. The first activity planned will be the drilling of well EC-2.

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