Thursday, December 12, 2013

USA, Nevada:

Holiday Shopping Deal on Ram Power Shares (Renewable Energy World)

Holders of Ram Power Corp. on November 26 received valuable coupons as the result of the company’s rights offering, announced November 18th. Just in time for the holidays, these coupons, or “rights” can be used to buy additional shares of Ram Power for 8¢ Canadian per share any time before 5:00 p.m. on December 23rd.

The reason for the extreme couponing at Ram Power is the company needs cash. Its main project, San Jacinto-Tizate in Nicaragua, is currently operating at reduced capacity while its contractors are working on a remediation project expected to bring its production up to somewhere between 59 MWe and 63 MWe of net electricity output.  The remediation is expected to be complete in mid December, with results from testing in mid January, after which Ram will be eligible to receive distributions from the project.

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