Business
RAM POWER, CORP. ANNOUNCES COMPLETION OF UNIT OFFERING
May 20, 2011 (Canada NewsWire Group) -- /NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR F...
About this update from Polaris Renewable Energy Inc.
[{"type":"text","content":"\n\n\n May 20, 2011 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\n/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN\n THE UNITED STATES/\n\n\nRENO, NEVADA, May 20, 2011 /CNW/ - Ram Power, Corp. (TSX:RPG) (the "Company" or "Ram Power"), a renewable energy company focused on the development, production\n and sale of electricity from geothermal energy, is pleased to announce\n that it has completed its previously announced offering (the "Offering") of 127,272,727 units (the "Units").  The Offering was made pursuant to an underwriting agreement (the "Underwriting Agreement") between the Company and a syndicate of underwriters led by Cormark\n Securities Inc., and including Raymond James Ltd., Jacob Securities\n Inc., National Bank Financial Inc. and Wellington West Capital Markets\n Inc. (collectively, the "Underwriters"). The Units were offered at a price of $0.55 per Unit. Each Unit is\n comprised of one common share of the Company (each a "Common Share") and one common share purchase warrant (each a "Warrant"). Each Warrant will be exercisable for one Common Share for a period\n of 36 months from the completion of the Offering at the price of $0.72\n per Warrant, subject to earlier termination in the event that the 20\n trading day volume weighted average trading price of the Common Shares\n is equal to or greater than $1.08. Pursuant to the Underwriting\n Agreement, Ram Power...