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Sunday, April 04, 2010 10:43:34 AM
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U.S. Geothermal Inc. (TSX:GTH - News)(AMEX:HTM - News) (the "Company") announced today closing of a private placement financing pursuant to which the Company has issued 8,209,519 shares of Common Stock at a price of $1.05 per share for gross proceeds of $8.6 million (the "Private Placement"). Each Investor was also issued a common share purchase warrant (a "Warrant") exercisable for 50% of the number of shares of Common Stock purchased by the investor. Each Warrant is exercisable at $1.25 per share for a period of five years beginning September 16, 2010.
U.S. Geothermal Inc. (TSX:GTH - News)(AMEX:HTM - News) (the "Company") announced today closing of a private placement financing pursuant to which the Company has issued 8,209,519 shares of Common Stock at a price of $1.05 per share for gross proceeds of $8.6 million (the "Private Placement"). Each Investor was also issued a common share purchase warrant (a "Warrant") exercisable for 50% of the number of shares of Common Stock purchased by the investor. Each Warrant is exercisable at $1.25 per share for a period of five years beginning September 16, 2010.
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