Nevada
Geothermal Power Inc. - Issues
Stock Options
Vancouver, B.C. (March 12, 2010) --
Nevada Geothermal Power Inc. (NGP) (TSX.V: NGP, OTCBB: NGLPF)
announced that incentive stock options have been granted to certain
employees of NGP to purchase 150,000 common shares of the Company at an
exercise price of $1.00 per share for a term of 5 years. Common shares
which may be acquired upon exercise of the options shall vest over an
eighteen month period. Twenty-five percent of the options will vest on
the date of grant with the balance vesting in equal portions after six,
twelve and eighteen months.
About Nevada Geothermal Power
Inc.:
Nevada Geothermal Power Inc. is an emerging renewable energy
producer and developer focused on producing clean, efficient and
sustainable geothermal electric power from high temperature geothermal
resources, in the United States. NGP currently owns a 100% leasehold
interest in four properties: Blue Mountain,
Pumpernickel,
Black Warrior,
all of which are ideally situated in Nevada, and Crump Geyser,
Oregon. These properties are at different levels of exploration and
development. NGP estimates a potential of over 200 MW from the current
leaseholds.
Nevada Geothermal Power Inc.
Brian D. Fairbank, P. Eng.
President & CEO
http://www.nevadageothermal.com
Investor Inquiries:
Paul Mitchell
Nevada Geothermal Power Inc.
Telephone: 604-688-1553 X118
Direct Line: 604-638-8784
Toll Free: 866-688-0808 X118
Email: pmitchell@nevadageothermal.com
This Press Release contains certain
forward-looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995. We have tried, whenever possible, to
identify these forward-looking statements using words such as
"anticipates," "believes," "estimates,"
"expects," "plans," "intends,"
"potential" and similar expressions. These statements reflect our
current belief and are based upon currently available information. Accordingly,
such forward-looking statements involve known and unknown risks,
uncertainties and other factors which could cause the Company's actual
results, performance or achievements to differ materially from those
expressed in or implied by such statements. We undertake no obligation to
update or advise in the event of any change, addition, or alteration to the
information catered in this Press Release including such forward-looking
statements.
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the policies of
the TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
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