News | Energy Efficiency

http://www.newenergyworldnetwork.com/renewable-energy-news/by-region/north-america/ram-power-finalises-takeover-of-sierra-geothermal.html

Nevada-headquartered geothermal company Ram Power has completed the takeover of Vancouver-based developer Sierra Geothermal Power, following last week’s approval of the transaction by Sierra stakeholders.

Ram Power has now acquired all of the issued and outstanding shares of Sierra in exchange for shares of Ram Power.
The arrangement also received final approval from the Supreme Court of British Columbia late last week and as a result, Sierra is now a wholly-owned subsidiary of Ram Power.
The company said all current holders of Sierra options, warrants and unit warrants are now entitled to receive Ram Power securities on the exercise of those Sierra instruments.
Sierra’s common shares were delisted from the TSX Venture Exchange at the close of the market on 1 September.
The Ram Power shares received by the former shareholders of Sierra will now be traded on the Toronto Stock Exchange.