| U.S. Geothermal Inc. Acquires Majority of Goldman Sachs Interest in Raft River Power Plant | |
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BOISE, IDAHO--(Marketwired - Dec 15, 2015) - U.S. Geothermal Inc. (GTH.TO)(NYSE MKT:HTM) is pleased to announce that it has acquired from Goldman Sachs the majority of their cash flow interest in and ownership of the Raft River geothermal project. U.S. Geothermal will receive 95% of the cash flow from the project on a going forward basis, along with all increased cash flow from any project improvements. The purchase price was $5.1 million for the 95% interest, with an option to purchase the balance of Goldman's interest for Fair Market Value at the end of 2017. |
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US Geothermal Inc.
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CODE : GTH.TO |
ISIN : US90338S1024 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
US Geothermal. is a exploration company based in United states of america. US Geothermal. holds various exploration projects in USA. Its main asset in development is NEAL HOT SPRINGS in USA and its main exploration property is RAFT RIVER in USA. US Geothermal. is listed in Canada. Its market capitalisation is CA$ 97.0 millions as of today (€ 89.4 millions). Its stock quote reached its highest recent level on November 02, 2007 at CA$ 4.17, and its lowest recent point on June 15, 2012 at CA$ 0.28. US Geothermal. has 111 529 742 shares outstanding. |