HTM $2.45 U.S. Geothermal Announces Stock Option Grant
Monday May 19, 3:14 pm ET
BOISE, Idaho, May 19 /PRNewswire-FirstCall/ -- U.S. Geothermal Inc. (Amex: HTM, TSX: GTH), a renewable energy development company focused on the production of electricity from geothermal energy, announced today that it has granted options pursuant to its Stock Option Plan to directors, employees and consultants to acquire 1,505,000 shares in capital of the company. The options are exercisable at a price of US$2.22 per share for a term of 5 years expiring May 19, 2013. The options will vest subject to the Company's Stock Option Plan.
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The Stock Option Plan was approved by the shareholders of the company at an Annual General Meeting held September 8th, 2005.
About US Geothermal:
U.S. Geothermal is a renewable energy development company that is operating geothermal power projects at Raft River, Idaho and San Emidio Nevada and drilling Neal Hot Springs in eastern Oregon.
