Ram Power Acquires Three Geothermal Power Companies
Advised the Special Committee of Western GeoPower
Matter Value: CAD 179,400,000
Wednesday, 20 October 2010
On October 20, 2009, Ram Power, Corp. (formerly GTO Resources Inc.) completed the acquisitions of Polaris Geothermal Inc., Western GeoPower Corp. and Ram Power, Inc. Ram Power is engaged, through its subsidiaries, in the business of acquiring, exploring, developing and operating geothermal properties and has an interest in geothermal projects primarily in California, Nicaragua and Nevada.
Stuart Morrow and Ruby Chan of Davis LLP provided advice to the Special Committee of Western GeoPower.
This deal was featured in the March 2010 issue of Lexpert, under "Biggest Deals".