Hot Rock has now received the final US$2.5 million of the contract price of US$3 million (a US$500,000 deposit has previously been paid).
The company will allocate the funding to its geothermal assets in Australia and Chile, and has also outlined that it will investigate other opportunities.
Of the funds received, an amount of US$230,000 is subject to retention and held in an escrow account pending the resolution of a tax matter in Peru.
