| RAM POWER, CORP. ANNOUNCES PRIVATE PLACEMENT AND RECAPITALIZATION TRANSACTION | |
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RENO, NEVADA and VANCOUVER, BRITISH COLUMBIA (April 20, 2015) - Ram Power, Corp. (TSX: RPG) (the "Company" or "Ram Power") announced today that it has entered into a definitive agreement (the "Transaction Agreement") with Goodwood Inc. ("Goodwood") in respect of an equity financing and recapitalization transaction (the "Transaction"). The Transaction has been negotiated on an arm's-length basis, represents the successful culmination of an extensive review of alternatives by Ram Power's independent directors and, in the view of Ram Power and Goodwood, will have the effect of substantially recapitalizing Ram Power and placing it on a solid financial footing going forward.
[A full copy of the release can be found as attached]
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Ram Power Corp.
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CODE : RPG.TO |
ISIN : CA7513081074 |
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Ram Power is a gold and copper development stage company based in Canada. Ram Power develops gold, copper and in Nicaragua, and holds various exploration projects in Canada. Its main asset in development is SAN JACINTO-TIZATE in Nicaragua and its main exploration property is ANA in Canada. |