USA, Idaho:

U.S. Geothermal Announces $4.37 Million Financing (Marketwire)

U.S. Geothermal Inc. announced today that it has entered into agreements with a number of investors, pursuant to which they have agreed to acquire, in total, approximately 11,810,816 units of company stock at a price of $0.37 per Unit.

Each Unit consists of one share of common stock of the company and one half of one common stock purchase warrant. Each warrant will entitle the holder thereof to acquire one additional share of common stock of the company for a period of 60 months following the closing of the offering for US$0.50 per share of common stock. The gross proceeds of the unit offering are expected to be approximately US$4.37 million.

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