Business
RAM POWER, CORP. ANNOUNCES FURTHER UPDATE ON UNIT OFFERING
May 13, 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 13, 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, NV, May 13 /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 entered into an underwriting agreement (the "Underwriting Agreement") with a syndicate of underwriters led by Cormark Securities Inc., and\n including Raymond James Ltd., Jacob Securities Inc., National Bank\n Financial Inc. and Wellington West Capital Markets Inc. (collectively,\n the "Underwriters") in connection with the Company's previously announced offering (the "Offering") of 127,272,727 units (the "Units"). The Units are being offered at a price of $0.55 per Unit. Each Unit\n is 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 has also granted to the Underwri...