Business
RAM POWER, CORP. ANNOUNCES PRICING OF PREVIOUSLY ANNOUNCED UNIT OFFERING
May 6, 2011 (Canada NewsWire Group) -- /Not for distribution to U.S. newswire services or fo...
About this update from Polaris Renewable Energy Inc.
[{"type":"text","content":"\n\n\n May 6, 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 6 /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 priced its previously announced offering (the "Offering") of units (the "Units") being offered through 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 Offering will consist of approximately 127.2 million Units at a\n price of $0.55 per Unit. Each Unit will consist of one common share of\n the Company (the "Common Shares") and one Common Share purchase warrant (the "Warrants"). Each Warrant will be exercisable for one Common Share for a period\n of 36 months from the completion of the Offering at a 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. The Company will grant to the\n Underwriters an option, exercisable for a period of 30 days following\n the closing of the Offering, to purchase up to ...