Australia:

Greenpower Energy Raises Investments for Power Projects (Proactive Investors Australia)

Greenpower Energy of Freemantle, Western Australia, has raised up to A$976,632 in a partially underwritten rights issue that was offered on a 1 for 3 basis. The money will be invested in various power projects including a EGS geothermal exploration project.

Greenpower Energy is conducting a desktop study of a geothermal project near Esperance in Western Australia and shallow investigatory drilling is likely in 2013. The company has also secured a state government co-funded drilling grant of $120,000 for the geothermal project under the WA government's Royalties for Regions program.

Read More.....