All Entries in the "Finance" Category
NGP to raise cash for Blue Mountain project, etc.
In Canada, Nevada Geothermal Power, Inc. will proceed with a non-brokered private placement for up to 20,000,000 units at a price of $0.48 per unit in hopes of raising $9.6 million. Each unit will include a common share and a transferable share purchase warrant. The warrant will entitle the holder to purchase one additional [...]
Sierra losses widen in second quarter
In Canada, Sierra Geothermal Power Corp. reported results for its second quarter ended June 30, 2010. The company’s net loss rose from $642,400 in the second quarter of 2009 to $912,636. For the first six months , net loss more than doubled to $2,349,219 compared to $1,070,631 a year ago. As of June 30, 2010, [...]
U.S. bank shows interest in funding St. Lucia project
In Nevada, Qualibou Energy, Inc. says it received a Letter of Interest from a major U.S. bank on the debt portion of the $60 million geothermal power project on St. Lucia. Closing on the debt, which is $45 or 75% of the financing needed, is expected in the third quarter of 2010. Company CEO Stephen [...]
Caldera looking for $5 M in private placement funding
In Canada, Caldera Geothermal Inc. says it intends to complete a best-efforts brokered private placement for up to $5 Million, on a subscription receipts basis. The company will offer up to 14,285,715 units at $0.35. Each unit consists of one common share of Caldera and one half of one warrant, and each whole warrant exercisable [...]
Calpine reports 2nd quarter results
In Texas, Calpine Corp. reported that it produced 19.2 million MWh of power in the second quarter of 2010, a 4% increase over the same quarter in 2009, while noting a $162 million of net loss. The company closed the acquisition of the Conectiv fleet of plants in the PJM market in 70 days, which [...]
Calpine closes senior secured notes offering
In Texas, Calpine Corp. announced the closing of $1.1 billion in aggregate principal amount of its 7.875% Senior Secured Notes due 2020 in a private placement. The net proceeds from the offering of the notes were used to repay a portion of existing term loan borrowings. The notes are guaranteed by each of Calpine’s current [...]
Calpine, Ormat webcasts will feature 2nd quarter results
In Texas and Nevada, Calpine Corp. and Ormat Technologies said they would be announcing second quarter results on or near the end of July. Calpine management will present their results during an investor call scheduled for 10 a.m. ET/9 a.m. CT on July 30, while a listen-only webcast of the call may be accessed through [...]
Magma makes credit deal with its CEO
In Canada, Magma Energy Corp. said that it has entered into a credit agreement with company chairman and CEO Ross Beaty, where the company will borrow up to $10,000,000 to pay amounts coming due to Geysir Green Energy. Those payments are for the acquisition of shares of HS Orka, as well as to fund general [...]
Cygnet Capital to raise $2.3 million for Green Rock
In Australia, Green Rock Energy Ltd. has signed an agreement with Cygnet Capital to raise $2.29 million. Cygnet will lead a placement of 70 million ordinary shares to raise a total of $91 million at 1.3 cents per share split across two tranches. The company will also underwrite a non- renounceable rights offer of shares [...]
Geothermal stocks among the month’s biggest gainers
Geothermal stocks were up 10.5% over the last 30 days in the Tickerspy indexes, as the global economy pushes more for green energy. The best performers stocks were Nevada Geothermal up 26.5%, US Geothermal Inc., up 9.9%, and Ormat Technologies Inc., up 4.7%. However, some analysts remain skeptical, given that the sector has grown only [...]
